Canada-based Clintech Cryptocurrency Mining will partner with Mintgreen Lonsdale Energy Corporation to supply heat to residents of North Vancouver, British Columbia in 2022.
Announced Thursday, Mintgreen Said Its “digital boiler” – which claims to be able to recover more than 96% of the electricity used for bitcoin mining – will prevent 20,000 metric tons of greenhouse gases per megawatt from entering the atmosphere during management with North Vancouver. The recovered energy will be used to heat 100 residential and commercial buildings in a Canadian city of about 155,000 people.
Mintgreen CEO Colin Sullivan said the goal of the partnership was to address issues related to climate change. According to the December 2020 report of the Global Alliance for Buildings and Construction, Building Operations and their Construction To calculate About 38% of carbon dioxide emissions in urban areas.
Related: Bitcoin mine closes seed round led by heat-recycling firm Mintgreen CoinShares
Crypto users fighting the cold in the winter season often turn to mining for heat supply. Mintgreen has already partnered with Vancouver Island Sea Salt Facility and Canadian whiskey company Shelter Point Distillery to sell heat waste generated from BTC Mining in part of their operations.
Mintgreen said it plans to launch the initiative in 2022, probably before the start of another harsh Canadian winter. The lowest recorded temperature in North Vancouver is about -20 C.
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