Satoshi Energy Raises 60 BTC To Power Bitcoin With Renewable Energy
The company improves the performance of renewable energy facilities with bitcoin miners.Satoshi Energy Corporation has raised 60 bitcoin in its latest seed round.The company seeks to power bitcoin with renewable energy by connecting data centers with BTC miners.Satoshi Energy Corporation has raised 60 BTC, worth about $2 million at the time of writing, in a seed round led by Stillmark and its founding partner Alyse Killeen.“The seed funding is a significant milestone for our company as we build a market leading strategy for bitcoin miners to procure low cost renewable power and transform....
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Recent reports show that Bitcoin mining uses great amounts of renewable energy due to economic incentives. This turn of events raised their numbers of sustainable power mix to almost three times higher than the world average. As renewable energy offers low costs, bitcoin miners, who had to spend 68.42% of their total income to purchase electricity, have upscaled their efficient use of green energy. A recent data review shows how their mix of sustainable energy is higher than any country or industry. Renewable energy is not flexible and their locations do not tend to be convenient for most....