A recent report from the Energy Information Administration (EIA) revealed that in 2023, the global cryptocurrency mining industry consumed an amount of electricity comparable to Australia’s entire usage. The report also highlighted the industry’s significant growth in the United States, prompting the government to examine its energy consumption closely. What Happened: The EIA’s report, released last week, disclosed that the energy consumed by cryptocurrency mining globally accounted for 0.2% to 0.9% of the world’s electricity demand, reported Business Insider on Tuesday. In the U.S., this figu…