The Bitcoin Mining Council was formed after a meeting Michael Saylor convened in May 2021 with a group of large North American miners, at a point when Tesla had just stopped accepting bitcoin over energy concerns and mining's electricity use was the argument being had in public. Its own FAQ states the mandate: promote transparency, share best practices, and educate the public about Bitcoin mining. Membership was open to any miner with at least 500 PH of hashrate, there was no fee, and founding members covered the first year of operating costs. The same FAQ says Elon Musk had no role beyond joining one educational call, a correction the council evidently had to make often. Marks of founding members shown on the site included Argo, Core Scientific, Hive, Hut 8, MicroStrategy and Riot.
Its product was a quarterly survey in which members voluntarily reported their hashrate and their electricity mix, from which the council extrapolated figures for the whole network. Those numbers, which consistently showed a majority sustainable mix, were widely repeated. They were also self-reported by participants with an interest in the result, and extrapolated from a partial sample, which is the reason to treat them as an industry submission rather than as a measurement.
The council should not be listed as operating. Its last publication was the H1 2023 briefing, uploaded in August 2023. The website was still being archived in May 2025, returned 404 by July 2025, and the domain now fails to serve a site at all: the host answers with an unknown-domain page, though the registration itself runs to 2029. No dissolution notice, final statement or successor body has been published. On that evidence the entry is marked dormant, and no legal structure was ever documented for it.