The crypto mining industry is all set for a major change and industry players have already started moving towards carbon-neutral crypto mining options. Nasdaq-listed crypto mining company The9 Limited recently acquired Montcrypto to build a 20MW electricity supply for carbon-neutral crypto mining activity in Canada’s Calgary.
Montcrypto’s carbon-neutral infrastructure will facilitate a green electricity supply of 20MW which will be enough to operate more than 6,000 S19j Antminers. Canada’s Montcrypto has collaborated with several oil extraction companies in Calgary for natural gas procurement.
Thus, the ultimate idea is to power carbon-neutral crypto mining operations using natural gas as the source of electricity generation. To get the controlling stake in Montcrypto, The9 is planing a total investment of CAD 7.6 million in two different phases.
With Tesla suspending Bitcoin payments due to its high carbon footprint and the latest crackdown by China on local miners has forced co
Hong Kong central bank warns against crypto firms using banking terms
The HKMA said that funds placed on unlicensed “crypto banks” are not protected by the region’s deposit protection…
