剑桥大学贾奇商学院：2025年数字矿业报告：全球运营、行业态势与能源使用分析（英文版）

The Cambridge Centre for Alternative Finance (CCAF) extends its sincere gratitude to the Bitcoin Mining Council for their support throughout this research endeavour by connecting us with key industry stakeholders. Special recognition is due to (in alphabetical order) Ben Gagnon, Taras Kulyk, and Rohit Pillutla, whose active engagement facilitated crucial connections with council members. This research was conducted as part of the Cambridge Digital Assets Programme (CDAP), and we are immensely