A Bitcoin Mining Council To Address Excessive Energy Consumption

A bitcoin mining council is formed to promote and establish a standardize energy reporting, pursue industry ESG goals, as well as educate and grow the marketplace.

MicroStrategy CEO Michael Saylor announced on a tweet that he hosted a meeting with Tesla CEO Elon Musk and Bitcoin mining companies in North America.

Included in the meeting are Argo Blockchain, Block Cap, Core Scientific, Galaxy Digital, HIVE Blockchain, Marathon Digital Holdings, Riot Blockchain and Hut 8 Mining.

Together,they formed a bitcoin mining council that will promote sustainable crypto mining alternatives and transparency.

This news comes amidst the growing concerns of bitcoin mining’s excessive energy consumption.

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