Musk Meets with Several North American Miners and Forms Bitcoin Mining Committee
Musk tweeted that he met with a group of North American miners who have pledged to report on current and planned renewable power use and encourage the industry to follow suit, and that Michael Saylor, CEO of MicroStrategy, retweeted the tweet to say that he connected Musk with a group of North American miners who have agreed to form a Bitcoin Mining Council (BMC) to improve transparency in energy use and accelerate global sustainability initiatives. The Bitcoin Mining Council will improve transparency in energy use and accelerate global sustainability initiatives.
Representatives from Argo Blockchain, Blockcap, Core Scientific, Galaxy Digital, Hive Blockchain, Hut 8 Mining, Marathon Digital Holdings, and Riot Blockchain participated in the meeting. The companies agreed to form an organization to advance the standardization of power reporting, pursue corporate environmental, social and governance performance, and work together to nurture and promote market growth