Canada City Plans To Provide Heating To Its Inhabitants Using Bitcoin Mining

Mexico, Colima, Nuevo

Published 3 years ago

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Canada City Plans To Provide Heating To Its Inhabitants Using Bitcoin Mining

Mexico, Colima, Nuevo,

Published 3 years ago

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MintGreen, a Canadian-based cryptocurrency mining company, will partner with Lonsdale Energy Corporation to supply heat to residents of North Vancouver, British Columbia, beginning in 2022.

In an announcement made on October 14, MintGreen claimed that its "digital boilers" which it claims can recover more than 96% of the electricity used for Bitcoin (BTC) mining and will prevent 20,000 metric tons of greenhouse gases from greenhouse per megawatt enter the atmosphere during its agreement with North Vancouver.

The recovered energy will be used to heat 100 residential and commercial buildings in this Canadian city of about 155,000 inhabitants.

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Colin Sullivan, CEO of MintGreen, said the partnership aimed to address issues related to climate change. According to a December 2020 report from the Global Alliance for Buildings and Construction, the operation of buildings and their construction account for approximately 38% of carbon dioxide emissions in urban areas.