A bitcoin miner is a merely a customer to the company who is providing the energy so as such a miner does not produce or wastes energy. The company who provides energy to millions of people is to the culprit. This is a problem that bitcoin cannot solve, the only thing bitcoin can do is to find a way to cunsume less energy.

This join venture might indicate some form of positivity. Both coinbase and circle ar at the top of their game and they can achieve a lot more by their joint effort.