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. Popular Searches 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.