Technology

Elon Musk and Bitcoin miners say they want to address crypto’s sustainability problem

Elon Musk and Bitcoin miners say they want to address crypto’s sustainability problem
Illustration by Alex Castro / The Verge

MicroStrategy CEO Michael Saylor tweeted Monday that after a weekend meeting with Tesla CEO Elon Musk and “leading Bitcoin miners in North America,” the group has agreed to form a Bitcoin Mining Council, “to promote energy usage transparency [and] accelerate sustainability initiatives worldwide.”

Musk tweeted earlier in the day that the group “committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.” According to Saylor, the group included representatives from Argo Blockchain, Blockcap, Core Scientific, Galaxy Digital, Hive Blockchain Technologies, Hut 8 Mining, Marathon Digital Holdings, and Riot Blockchain.

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