Bitcoin mine heat-recycling firm MintGreen closes seed round led by CoinShares

Bitcoin mine heat-recycling firm MintGreen closes seed round led by CoinShares

Coinshares is teaming up with MintGreen to recycle heat waste from Bitcoin mining. Sustainable crypto mining firm MintGreen has completed its seed investment round, with top digital asset manager CoinShares leading the round.A portion of the funds will likely be used to support two pilot projects intended to showcase how MintGreen’s proprietary technology can improve the energy efficiency of Bitcoin mining.MintGreen has two pilot projects slated to commence next quarter. The first involves selling heat waste generated from Bitcoin mining to the Vancouver Island Sea Salt facility, where the....


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To the roots of mining: Bitcoin going green faster than ever

Many crypto-mining firms are transitioning to renewable sources of energy to help facilitate their operations. There’s no denying that over the past couple of years, the narrative that Bitcoin (BTC) consumes too much power has continued to garner an increasing amount of mainstream traction. However, what sometimes gets ignored is that in recent months, an increasing number of Bitcoin miners have moved toward the use of power sources driven primarily by renewable energy.To expound further on the subject, it should be noted that a number of studies, including one that was released recently....