Bitcoin will withstand scrutiny over the environmental impact of its mining. The view was put forward by Iris Energy Pty, a renewables-focused mining company, Bloomberg reports.
In an interview, Iris Energy Pty’s Australian chief executive Daniel Roberts stressed the mining’s vital role and rejected interference in what it should be based on.
“This is a prerogative of the market. Bitcoin, by virtue of its attractiveness and widespread adoption, requires a sufficient level of energy to ensure the safekeeping of users’ savings.”— said he.
The publication reported that the company was weighing the possibility of going public via a merger with another firm (SPAC). If the initiative goes ahead, Iris Energy Pty would channel the proceeds into further development of “green” mining.
Roberts says that the current ESG focus convinces him of the viability of the strategy chosen in the past.
Earlier, Marathon Digital Holdings announced construction of a 300 MW data centre in Texas. The new facility is planned to be 70% carbon-neutral.
Earlier, NYSE-listed BIT Mining Limited announced the construction in Texas of a crypto-mining center with a capacity of 57.2 MW. 85% of this capacity will come from clean and low-carbon electricity.
In May 2021, the publicly traded Argo Blockchain acquired two “green” centers for Bitcoin mining in the Canadian province of Quebec.
In the same month, New York-based Greenidge Generation announced that from June 1 will fully neutralise the carbon footprint of mining by purchasing CO2 emission quotas.
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