MintGreen, a cleantech cryptocurrency miner based in Canada, will partner with Lonsdale Energy Corporation to provide heat to residents of North Vancouver, B.C. starting in 2022.
In an Oct. 14 announcement, MintGreen said its “digital boilers” – which it says can recover over 96% of the electricity used to mine Bitcoin (BTC) – will prevent 20,000 metric tons of gas greenhouse gas per megawatt to enter the atmosphere during its agreement with North Vancouver. The recovered energy will be used to heat 100 residential and commercial buildings in the Canadian city of approximately 155,000 residents.
Colin Sullivan, CEO of MintGreen, said the partnership aims to tackle issues related to climate change. According to a December 2020 report from the Global Alliance for Buildings and Construction, construction operations and their construction accounted for about 38% of carbon dioxide emissions in urban areas.
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Crypto users battling the cold during the winter season have often turned to mining rigs as a solution to provide heat. MintGreen has previously partnered with the Vancouver Island sea salt facility and Canadian whiskey company Shelter Point Distillery to sell its waste heat generated from BTC mining to power parts of their operations. .
MintGreen said it plans to launch the initiative in 2022, likely before the onset of one of Canada’s harsh winters. The lowest temperature recorded for North Vancouver is around -20 ° C.