Numerous bitcoin miners have signed a pledge modeled on the Paris Climate Agreement called the Crypto Climate Accord (CCA).<\/p>\n
The private-industry led initiative commits signatories to “achieve net-zero emissions from electricity by 2030” AND to “develop standards, tools, and technologies to accelerate the adoption of and verify progress toward 100% renewably-powered blockchains by the 2025 UNFCCC COP30 conference.”<\/p>\n
Argo Blockchain, DMG Blockchain Solutions, Gryphon Digital Mining and DGHI are the current known signatories.<\/p>\n
“This is an exciting development for the long-term viability of our industry and the long-term health of our planet. Our business model has always focused on growth through environmentally and socially responsible blockchain operations, and becoming a signatory to the Crypto Climate Accord further solidifies that commitment,” Michel Amar, DGHI’s CEO, said.<\/p>\n
The tech industry in general is in a rush to upgrade to clean energy with an unprecedented scale of investment in solar, wind and other renewable-energy projects.<\/p>\n
Amazon, Google, Facebook and Microsoft have publicly disclosed renewable-energy-purchase agreements for 25.7 gigawatts as they race to secure clean energy for their datacenters.<\/p>\n
\u201cIt\u2019s almost like a stampede for clean energy,\u201d said Michael Terrell, director of energy at Google.<\/p>\n
Providers moreover say tech companies\u2019 willingness to spend upfront has made them even more important than government subsidies.<\/p>\n
The bitcoin industry is taking part in this global upgrade with an investment of $250 million for a solar plant being just one of the recent projects by bitcoin miners.<\/p>\n
Publicly traded bitcoin miners say the vast majority of their energy comes from clean sources, with one miner stating 90% of theirs is carbon neutral.<\/p>\n
They’re now working towards 100% as bitcoiners show their commitment towards clean air and clean energy.<\/p>\n