Chloe Shakesby

World's first "green Bitcoin" to be created as UK cryptocurrency firm strikes deal

A UK cryptocurrency firm has announced plans to create the world’s first clean energy Bitcoin mining pool.

Argo Blockchain, based in London, has confirmed that it has signed a Memorandum of Understanding (MoU) with DMG Blockchain Solutions to launch the first Bitcoin mining pool powered by only clean energy.

The project, Terra Pool, is expected to reduce the impact of Bitcoin mining on the environment, creating the first ‘green Bitcoin’.

Peter Wall, chief executive of Argo Blockchain, commented: “Addressing climate change is a priority for Argo and partnering with DMG to create the first ‘green’ Bitcoin mining pool is an important step towards protecting our planet now and for generations to come.

“We are hopeful other companies within the Bitcoin mining industry follow in our footsteps to demonstrate broader climate consciousness.”

Dan Reitzik, chief executive of DMG, said: “DMG’s increased innovative strength and continued focus on eco-friendly Bitcoin mining has the opportunity to drive transformations in how the Bitcoin mining community acts towards a climate-conscious future.

“DMG’s ongoing commitment to clean energy-based capital deployment is a key industry development.

“We believe this is an opportunity for continued growth as we develop a better understanding of climate-friendly operations while simultaneously integrating the newest and most innovative blockchain technologies.”

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