Canadian city plans to supply residents’ heat using Bitcoin mining

Canadian city plans to supply residents’ heat using Bitcoin mining

The recovered energy will be used to heat 100 residential and commercial buildings in North Vancouver, with a population of roughly 155,000. MintGreen, a Canada-based cleantech cryptocurrency miner, will be partnering with the Lonsdale Energy Corporation to supply heat to residents of North Vancouver in British Columbia starting in 2022.In a Thursday announcement, MintGreen said its “digital boilers” — which it claims can recover more than 96% of the electricity used for Bitcoin (BTC) mining — will prevent 20,000 metric tons of greenhouse gases per megawatt from entering the atmosphere....


Related News

Bitcoin Mining Rigs Could Heat Vancouver Homes Next Year. Take That, ESG FUD

The city of Vancouver could soon take a step into the future. As New York is about to take the Chinese route and cut itself from yet another industry, Vancouver considers “using an unconventional method: harnessing the heat emitted from” bitcoin mining. If signed, the contract between the Lonsdale Energy Corporation and Canadian mining operator […]

North Vancouver Plans To Be The World’s First City Heated By Bitcoin

Bitcoin (BTC) mining is an energy-intensive industry. One of the major by-products of mining – excess heat created by computational efforts – has mostly just gone to waste. Recently, many have been asking if there is a way to put that heat to better use and turn it into sustainable energy for others. As a […]

Bitcoin Mining Heat Capture Startup MintGreen Closes Seed Financing Round

The Canadian startup MintGreen develops technology to capture heat produced by bitcoin mining and utilize it for industrial and municipal operations.

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....

North Vancouver To Be World’s First City Heated By Bitcoin

Bitcoin mining company MintGreen to deliver innovative low-carbon mining waste solution to heat City of North Vancouver, BC.