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June 1, 2021 Cryptocurrencies are catching flak from environmentally conscientious investors who are claiming that the digital assets are “dirty currencies.” For example, one private equity company bought a decommissioned coal power plant, converted it to burn natural gas, and used it as a “power plant-cryptocurrency mining hybrid,” the Financial Times reports. Greenidge Generation Holdings stated that it expects to become “the only US publicly listed bitcoin mining operation with its own power source.” In a presentation to investors, the investment firm revealed says it mines Bitcoins for just $3,000. Climate activists, however, are dismayed that fossil fuels will be used to promote the mining of cryptocurrencies and are pushing regulators to begin cracking down.

Elon muskSheldon bennettProfessor brian lucey at trinity college dublinGreenidge generation holdingsCambridge university bitcoin electricity consumptionBlockchain solutions incFinancial timesGeneration holdingsBrian luceyTrinity college dublinCambridge universityBitcoin electricity consumptionSolutions incXchange traded fundsStock marketUrrent affairs