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Elon Musk Calls Recent Meeting with North American Bitcoin Miners "Potentially Promising"

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Mon, 05/24/2021 - 20:10
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Alex Dovbnya
Elon Musk has revealed that he spoke with North American Bitcoin miners
Elon Musk Calls Recent Meeting with North American Bitcoin Miners "Potentially Promising"
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Tesla CEO Elon Musk has just tweeted about having a meeting with the executives of North American Bitcoin mining businesses, describing them as "potentially promising." 

They are "committed" to green energy and encourage miners around the globe to follow suit, according to Musk:

Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.  

The closed-door meeting was hosted by MicroStrategy CEO Michael Saylor on May 23: 

Yesterday I was pleased to host a meeting between and the leading Bitcoin miners in North America. The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide.

Saylor and Musk have formed the Bitcoin Mining Council. The list of members includes Marathon Digital, which will build a carbon neutral data center, Argo, Galaxy Digital, Hut 8 Mining, HIVE, and others.    

Related
Hedge Fund One River Jumps Into Bitcoin ETF Race with "Carbon Neutral" Proposal

Earlier this month, Tesla stopped accepting Bitcoin payments due to environmental concerns. 

Bitcoin has jumped over 5 percent to an intraday high of $39,960 on the Musk tweet. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.