Bitcoin s green Nordic haven running out of surplus electricity as industrial thirst for power grows thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
Quantum Blockchain Technologies Ltd.: Quantum Announces Extension to Amalgamation Agreement with Ocumetics Technology Corp.
Calgary, Alberta (Newsfile Corp. - April 16, 2021) - Quantum Blockchain Technologies Ltd. (TSXV: QBC.P) (
Quantum ) announces that it has entered into an Amended and Restated Amalgamation Agreement to extend the deadline for the completion of the proposed business combination (the
Transaction ) contemplated by the Amalgamation Agreement dated February 26, 2021 with Ocumetics Technology Corp. from April 15, 2021 to July 31, 2021.
The Transaction is subject to the approval of the TSX Venture Exchange (the
TSXV ). Details with respect to the Transaction are set out in Quantum s press release dated March 1, 2021.
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Publishing date: Apr 17, 2021 • 1 hour ago • 4 minute read •
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(Bloomberg) The Nordic region is losing its edge in green Bitcoin mining, just as the industry faces growing scrutiny for its carbon emissions and everyone from Elon Musk to mom-and-pop investors pile in.
Iceland, Sweden and Norway have been popular mining locations because of an abundance of geothermal, hydro and wind power. China, where most coins are mined, relies mainly on coal. That Nordic power surplus is set to dwindle as aluminum smelters, oil rigs and steelmakers thirst for renewable energy.
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The Nordic region is losing its edge in green Bitcoin mining, just as the industry faces growing scrutiny for its carbon emissions and everyone from Elon Musk to mom-and-pop investors pile in. Iceland, Sweden and Norway have been popular mining locations because of an abundance of geothermal, hydro and wind power. China, where most coins are mined, relies mainly on coal. That Nordic power surplus is set to dwindle as aluminum smelters, oil rigs and steelmakers thirst for renewable energy. “There could be very little excess energy in 2021 and 2022,” said Hordur Arnarson, chief executive officer at Landsvirkjun, Iceland’s national utility. “Because of the climate issues we see a lot of very interesting segments that are growing rapidly, and several of them need electricity.”
Bitcoin s Green Haven Is Running Out of Surplus Electricity msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.