BTCE to be the First Bitcoin Exchange Traded Product to Go Carbon Neutral environmentalleader.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from environmentalleader.com Daily Mail and Mail on Sunday newspapers.
May 20, 2021
As companies like Ninepoint and Greenridge have demonstrated, Bitcoin is going green. And this will attract more institutional investors.
Ninepoint Partners, a Toronto-based investment firm managing $8 billion in assets, and Greenidge Generation, a New York-based power provider and bitcoin mining company, have each announced that they will be using carbon offsets to compensate for any carbon emissions resulting from their operations, signaling the growth of a significant new trend for the industry.
Carbon offsets allow companies like Ninepoint and Greenidge to pay for a reduction in carbon dioxide emissions somewhere else to compensate for any carbon emissions resulting from their own business practices.
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Greenidge Generation says its bitcoin mining operation is going to be carbon neutral beginning this year.
Effective June 1, the company says it will operate an entirely carbon neutral bitcoin mining operation at its facility in Dresden.
Greenidge will purchase voluntary carbon offsets from a portfolio of U.S. greenhouse gas reduction projects. Each project has been reviewed and certified by one of three well recognized Offset Project Registries, the American Carbon Registry (ACR), the Climate Action Reserve (CAR) and Verra, ensuring that any projects funded by Greenidge reduce emissions or increase sequestration of greenhouse gas in a manner that is real, permanent, and verifiable.
Bitcoin Mining Operation Pledges to Be Entirely Carbon Neutral by Next Month environmentalleader.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from environmentalleader.com Daily Mail and Mail on Sunday newspapers.
Greenidge Generation Bitcoin Mining Operation To Be Carbon Neutral In 2021 And Beyond pollutiononline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pollutiononline.com Daily Mail and Mail on Sunday newspapers.