Green Crypto Mining goes public!
Green Crypto Mining goes public!
100% renewable crypto mining is a reality. A Canadian company offering mining services completely ecological has just made its IPO on the Toronto Stock Exchange. A step towards a green industry which could then attract investors from all over the world and develop over the long term. To analyse.
An Ecological Cryptocurrency Mining Company Goes Public
It’s a small revolution that has just taken place in the world of crypto currencies, and mining in particular. Bitcoin, known and decried by its opponents for its ecological impact, could it become 100 % vert in the near future ? In any case, this is what Romain Nouzareth, the President and CEO of the Canada Computational Unlimited – CCU.ai crypto currency mining center, thinks. You can find this action on the financial markets, on the Toronto Stock Exchange. Under the name SATO, short for Satoshi Nakamoto.
The president of CCU.ai has set up a mining operation fully powered by renewable energy. In this case, the electricity used in its installation comes from hydroelectric dams. Mining capacities, on the other hand, are of a high level, both on the technical point and on the size of the operation.
According to him, CCU.ai represents an investment opportunity for investors in cryptocurrency and in the crypto market. But it is also an investment in a structure self-sufficient and operating at renewable energies.
“In addition, we are very happy to have been able to obtain the SATO ticker as a tribute to the historic founder of bitcoin, Satoshi Nakamoto.” he added.
A ticker is the abbreviation of the name of the stock in the financial markets.
This company quickly received the support of a powerful investment fund entirely dedicated to companies revolving around the blockchain. It is a partnership with True Global Ventures 4Plus – TGV 4Plus. Its founder, Dusan Stojanovic, said CCU.ai’s carbon-free and green ambition was one of the key factors of this partnership. TGV 4Plus raised $ 100 million shortly before this support, suggesting its importance.
The action’s arrival in secondary markets is expected to take place on September 21.
Green mining, the future of crypto currencies
It is a step forward towards a greener crypto mining industry and therefore more accepted by the general public. Because ecological problems had already tarnished the reputation of crypto currencies among laymen. It was Elon Musk’s reaction that made the most noise, although the ecological point was underlined before him by other big names in the industry, such as Bill Gates.
But Tesla hadn’t just raised doubts or objections to this aspect. The whimsical Tesla boss started the year by announcing developments with great fanfare very favorable towards crypto currencies. Two aspects in particular had helped prices soar in the middle of Bull Run. The first, an announcement from Tesla of a purchase of $ 1.5 billion of Bitcoin. A massive investment and a largely positive sign for the community, but especially for the general public.
Then it was the loudest announcement: Tesla was supposed to accept Bitcoins as payment method. Unlike the purchase of Bitcoin by the company, accepting BTC as a means of payment amounts to recognizing cryptocurrencies as currencies, and facilitating their inclusion in the real economy.
Only the boss of Tesla is a big joke. Soon after he seemed to have learned about Bitcoin. That is to say after having bought 1.5 billion and having opened the floodgates in his company, Tesla, which weighs for 747 billion dollars at the present time.
So poor little Mr. Musk had just read his first article on mining. And discovering the process of creating cryptocurrency, he made rear machine. His argument, the ecological impact, also seemed to follow the injunctions of the shareholders. Still, Elon Musk’s announcement came very shortly before the trend reversal in May 2021.
Subsequently, Musk distinguished himself by taking grotesque positions on Dogecoin. Tweets and statements that earned him a so quick disavowal than the fall of Bitcoin.
However, despite the community’s hatred of Elon Musk at the time, we must recognize that this had a powerful impact. Reports on the mining industry have multiplied. And the actors, mining industry as investors, have focused on renewable energies and ecology.
So there was a lot of announcement effect. With in particular a collective of US residents who declared that the water in a lake had become as hot as a jacuzzi because of the Bitcoin. As if bitcoin mining is going to have more impact than a traditional power station. But also real innovations, such as the massive use of green energies. A phenomenon made largely possible thanks to the exodus of minors following the ban from China. There, a lot of mining centers operated with coal-fired power stations. But arrived in the United States and Canada, these same companies have benefited from a framework conducive to the development of their industry in accordance with the environmental concerns.
Today, North America is the main mining center in the world. And infrastructures such as hydraulic dams allow this industry to renew itself.
We are awaiting the reaction of Bill Gates and Elon Musk on the subject. They who were the first to blame Bitcoin for its energy impact. Bill Gates, who recently invested in a company that will drill in the Arctic. To the detriment of all ecological consideration.
All of these points prepare the ground auspicious to widespread adoption. The main obstacles are being tackled at the moment. The legal aspects are in deliberation between the SEC and the crypto players. The ecological concerns are in the hands of investors and captains of industry. And the monetary aspects are evolving as seen in El Salvador, and soon perhaps in Panama. In short, the stars are aligned for large-scale democratization, which could happen much faster than expected.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.