Why Square And Cathie Wood's Ark See Bitcoin Environmental C

Why Square And Cathie Wood's Ark See Bitcoin Environmental Concerns As Unfounded


Why Square And Cathie Wood's Ark See Bitcoin Environmental Concerns As Unfounded
Benzinga
2 hrs ago
Ark Investment Management and digital payment company
Square Inc. (NYSE: SQ) have teamed up to dispel the notion that Bitcoin (BTC) mining is damaging the environment.
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What Happened: Ark Investment and Jack Dorsey-led Square released a whitepaper arguing that Bitcoin mining provides an opportunity to spur the global energy transition to renewables by serving as a complementary technology for clean energy production and storage.
“Combining generation with both storage and miners presents a better overall value proposition than building generation and storage alone,” the companies noted.

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