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.<\/p>\n
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.<\/p>\n
\n\u201cThis 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\u2019 savings.\u201d<\/em>\u2014 said he.<\/p>\n<\/blockquote>\n
The publication reported that the company was weighing the possibility of going public via a merger with another firm <\/em>(SPAC<\/span>). If the initiative goes ahead, Iris Energy Pty would channel the proceeds into further development of \u201cgreen\u201d mining.<\/p>\n
Roberts says that the current ESG focus convinces him of the viability of the strategy chosen in the past.<\/p>\n
Earlier, Marathon Digital Holdings announced<\/a> construction of a 300 MW data centre in Texas. The new facility is planned to be 70% carbon-neutral.<\/p>\n
Earlier, NYSE-listed BIT Mining Limited announced<\/a> the construction in Texas of a crypto-mining center with a capacity of 57.2 MW<\/a>. 85% of this capacity will come from clean and low-carbon electricity.<\/p>\n
In May 2021, the publicly traded Argo Blockchain acquired two \u201cgreen\u201d centers<\/a> for Bitcoin mining in the Canadian province of Quebec.<\/p>\n
In the same month, New York-based Greenidge Generation announced that from June 1 will fully neutralise the carbon footprint<\/a> of mining by purchasing CO2<\/sub> emission quotas.<\/p>\n