fbpx
Skip to content Skip to sidebar Skip to footer

Bitcoin Mining Firm Aims to Plant 53,000 Trees by 2022

If there is one common criticism that anti-bitcoiners have about cryptocurrencies, it is that crypto mining hurts the environment with its carbon emission. What this Bitcoin mining firm plans to do might refute that criticism.

Mawson Infrastructure Group revealed its plans to plant 53,000 trees in 2022, which means one tree would be planted for every block created on the Bitcoin blockchain. This is expected to bring its total up to 78,000 trees and may even reach its goal of million tree planted if they keep going at it.

The company’s mission is to become the leading global digital infrastructure provider and it pledges to get there via an environmentally sustainable route, striving to aim for net zero emissions by 2030. It has already offset 100% of its emissions last year and will do that again this year.

We’re looking to leverage a long-term strategy to transition the world into a decarbonized society.

 

James Manning, CEO of Mawson Infrastructure Group

Mawson stated that it positions its mining operations near power plants with unused energy assets, so that they could make use of the surplus power that would otherwise go to waste. The firm prioritises the use of renewable power plants whenever possible.

The company has installed additional 4,000 ASIC miners, which increases its total mining power by over 11% to 3.35EH by Q2 2022. It is aiming for a target of 5EH by early 2023.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us