No it's more complex than that, actually Bitcoin mining could help financing the energy transition and cleaning methane from the atmoshpere.
Peer-reviewed scientific papers :
- https://www.jbs.cam.ac.uk/2025/cambridge-study-sustainable-energy-rising-in-bitcoin-mining/
- https://nicholasinstitute.duke.edu/sites/default/files/publications/rethinking-load-growth.pdf
- https://en.odfoundation.eu/content/uploads/2024/05/20.05.2024_odf_bitcoin_mining_eu_elect_grids_eng-1.pdf
- https://www.theirm.org/news/bitcoin-and-the-energy-transition-from-risk-to-opportunity/
Mainstream media coverage
- https://www.bbc.com/news/articles/cly4xe373p4o
- https://www.bloomberg.com/news/articles/2023-08-30/bitcoin-btc-miners-like-bit-digital-draw-from-iceland-s-renewable-energy-surplus
- https://www.reuters.com/technology/cryptominer-mara-taps-us-shale-patch-power-generation-new-pilot-program-2024-10-08/
- https://www.forbes.com/sites/digital-assets/2023/07/07/everything-you-need-to-know-about-bitcoin-and-the-environment/
- https://www.euronews.com/next/2023/05/05/bhutan-has-secretly-mined-bitcoin-in-the-himalayas-for-years-and-it-did-so-sustainably
Edit : added more sources because I published it before finishing by mistakes