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May 20, 2021 As companies like Ninepoint and Greenridge have demonstrated, Bitcoin is going green. And this will attract more institutional investors. Ninepoint Partners, a Toronto-based investment firm managing $8 billion in assets, and Greenidge Generation, a New York-based power provider and bitcoin mining company, have each announced that they will be using carbon offsets to compensate for any carbon emissions resulting from their operations, signaling the growth of a significant new trend for the industry. Carbon offsets allow companies like Ninepoint and Greenidge to pay for a reduction...

Fingerlakes1.com Menu Greenidge Generation says its bitcoin mining operation is going to be carbon neutral beginning this year. Effective June 1, the company says it will operate an entirely carbon neutral bitcoin mining operation at its facility in Dresden. Greenidge will purchase voluntary carbon offsets from a portfolio of U.S. greenhouse gas reduction projects. Each project has been reviewed and certified by one of three well recognized Offset Project Registries, the American Carbon Registry (ACR), the Climate Action Reserve (CAR) and Verra, ensuring that any projects funded by Greenidge ...

Bitcoin Mining Operation Greenidge Generation Plans to Be Carbon Neutral Next Month On Friday, the bitcoin mining operation Greenidge Generation has announced that starting June 1st, the firm will be “carbon neutral” for the rest of 2021 and beyond. Greenidge’s announcement follows the recent statements from Tesla and Square after the companies cited environmental concerns over bitcoin mining. New York-based Bitcoin Miner Aims to Be Carbon Neutral by June 1st and Beyond Ever since Tesla cited environmental concerns over bitcoin (BTC) mining and told the public it woul...

/PRNewswire/ -- Greenidge Generation Holdings Inc. announced today that effective June 1, 2021, it will operate an entirely carbon neutral bitcoin mining...