MintGreen, a Canadian cryptocurrency mining company, will partner with Lonsdale Energy Corporation to provide warmth to residents of North Vancouver, British Columbia from 2022.
In an announcement Thursday, MintGreen said its “digital boilers,” which it claims can recover more than 96% of the electricity used to mine bitcoin (BTC), will prevent 20,000 tonnes of greenhouse gases per megawatt from entering the atmosphere during sorting. with North Vancouver. The recovered energy will be used to heat 100 residential and commercial buildings in a Canadian city of about 155,000.
Colin Sullivan, CEO of MintGreen, said the partnership aims to address the challenges of climate change. According to a December 2020 report from the Global Alliance for Buildings and Construction, construction accounts for nearly 38% of urban carbon emissions.
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Cryptocurrency users who struggle with the cold in winter often turn to mining rigs to conserve heat. MintGreen is already partnering with a sea salt plant on Vancouver Island and Canadian whiskey company Shelter Point Distillery to sell its thermal mining waste to operate portions of the business.
MintGreen said it plans to launch the initiative in 2022, likely before a new harsh Canadian winter kicks in. The lowest recorded temperature in North Vancouver is around -20 ° C.