Elon Musk met with Bitcoin miners to discuss making the cryptocurrency more environmentally friendly Dominick ReuterMay 25, 2021, 05:02 IST Bitcoin mining uses huge amounts of energy.Andia/Getty Images Elon Musk met with leading Bitcoin miners to discuss the environmental impact of their industry. In a tweet, the Tesla CEO called the proposed next steps "potentially promising." Bitcoin prices shot up after Musk's tweet from about $38,000 to a peak of $39,600. Elon Musk joined a discussion among leading Bitcoin miners centered around ways to improve the cryptocurrency's environmental impact, the Tesla CEO tweeted on Monday. MicroStrategy founder and CEO Michael Saylor said he convened industry leaders including Blockcap, Hut 8, Marathon Digital Holdings, and Riot Blockchain to discuss forming an organization that would establish reporting standards and ESG goals for mining. The companies did not immediately respond to a request for comment."The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide," Saylor said in a tweet.