“The worst behind us”

Another mining process of Bitcoin is promoting its sustainability, as the cryptocurrency industry tries to reshape its image as a devastating power.

Hive Digital Technologies increases its market share with the help of clean energy, Thestreet I mentioned.

Frank Holmes, CEO of HIVE at HIVE, in HIVE, often said Wolf of All Streets Podcast, in reference to the 2025 business goal.

Bitcoin and Crypto Commer consumes huge amounts of energy in the pursuit of metal currencies, which are produced by high computers that Solving encryption puzzles. This requires huge amounts of energy, which are usually produced by burning dirty fuel such as charcoal or gas, as well as cooling liquid, which is water, to prevent machines from high temperature.

“The worst is behind us,” Holmes told Scott Melker.

Some mines, however, Do not use much strength Or it works on renewable energy, which is better for human health and the planet because it does not produce the heat -besieging gases that envelop the Earth like a blanket. Resulting A rapid rise in global temperature It creates frequent and severe extremist weather events, among other problems.

Watch now: What is it TRUE Environmental effect of renewable energy?

HIVE helps to balance electricity networks by recycling the energy that mining facilities use in the northern part of the world. Holmes said that the process of 40,000 square feet in Montreal, for example, used the hot liquid from mining to heat the building with an area of ​​200,000 square feet, making 170 spiral workers.

He referred to Amazon 650 million dollars investment In nuclear energy, another form of clean energy indicated, and Melker indicated Blackrock to the Bitcoin industry as evidence that the sector is moving in the right direction.

HIVE is the fifth largest worker working in Bitcoin with 2,377 Bitcoin, according to Bitcoin bonds. Its headquarters is located in Vancouver, British Columbia, and works in Iceland as well as Canada and Sweden.

“The company runs data and mining databases for cryptocurrencies, including bitcoin and other coins,” he said, according to what he said. Stock analysis. “It also provides infrastructure solutions in addition to the arithmetic capacity distributed in the Blockchain industry.”

the Cell site It provides for an expansion with a 300 -megawatt facility in Paraguay, which will be fully operated this year. The company hopes to reach 3 % of global bitcoin production.

While companies like HIVE are pushing the industry in a better direction, bad actors and comprehensive logistics of increasing renewable energy generation still make Bitcoin a challenge to many power networks. If more and more companies sees that the cell with a long -term investment sensation in focusing on free renewable energy (once) instead of relying on fuel and fossil networks that may raise rates, the requirements of encrypted currency energy may begin to become much less than.

Join us Free newsletter to Good news and Useful tipsAnd do not miss This wonderful list In easy ways to help yourself with the help of the planet.