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Greenidge to go carbon neutral as BTC adopters pull back citing environment harm
May 15, 2021
The firm intends to purchase voluntary carbon offsets from certified carbon reduction projects.
Before this, Tesla halted BTC payments until BTC miners switch to a sustainable energy source.
Greenidge Generation Holdings, a renowned Bitcoin (BTC) mining firm, is planning to launch a carbon-neutral BTC mining operation on June 1, 2021. The new facility is based in Upstate New York.
Reportedly, the company will achieve carbon-neutral mining by purchasing voluntary carbon offsets from a list of greenhouse gas reduction projects in the US. Each of the projects that Greenidge Generation intends to use has been vetted and certified by one of three leading Offset Project Registries. These include the American Carbon Registry (ACR), the Climate Action Reserve (CAR), and Verra. By selecting certified projects, Greenidge will ensure it funds initiatives that will minimize emissions or separate gr