Elon Musk met with Bitcoin miners to discuss making the cryptocurrency more environmentally friendly
dreuter@insider.com (Dominick Reuter)
Elon Musk met with leading Bitcoin miners to discuss the environmental impact of their industry.
In a tweet, the Tesla CEO called the proposed next steps "potentially promising."
Bitcoin prices shot up after Musk's tweet from about $38,000 to a peak of $39,600.
MicroStrategy founder and CEO Michael Saylor said he convened industry leaders including Blockcap, Hut 8, Marathon Digital Holdings, and Riot Blockchain to discuss forming an organization that would establish reporting standards and ESG goals for mining. The companies did not immediately respond to a request for comment.