The Bitcoin miner is partnering with Red Jar Digital Infrastructure, a hosting infrastructure company, to open an Ontario-based facility that will more than double Compass’ existing mining capacity.
The issue was put under a spotlight earlier this year when Tesla Inc.’s Elon Musk tweeted about Bitcoin’s environmental toll and cited it as one of the reasons he decided to stop accepting the coin as payment for his company’s cars.
Crypto supporters have emphasized the growing shift toward renewable power as a sign the Bitcoin network is evolving to be more environmentally friendly.
As for the Ontario facility, the company is considering ways of making the remaining five per cent of power to the facility greener as well, said Gibbs.
In this case, we’re going to have 100 megawatts dedicated” to both large and individual miners.
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