BitRiver, which hosts Bitcoin data centers in Russia, uses power from a nearby hydropower plant and last month bought one million renewable energy certificates from aluminum and hydropower giant EN + in order that it can tell its customers that its data centers are carbon-free.
“Many of our clients are in Japan, Korea, and they are very concerned about the environmental agenda,” said managing director Igor Runets, who says he cannot disclose the value of the deal.
Argo Blockchain is one of four companies that have signed a new crypto-climate agreement, pledging to reduce emissions from electricity consumption to net zero by 2030.
The others are DMG Blockchain, listed in Canada; Gryphon Digital Mining, which wants to own its own renewable energy supply; and Zumo, an Edinburgh-based cryptocurrency payment platform.
“Climate change is a reality and we need to do something about it,” Wall says.
“The industry is no different from any other, except that it is newer.”