CleanSpark Inc (NASDAQ:CLSK) has announced that it is now a partner of Sustainable Bitcoin Standard (SBS), an organization that incentivizes clean bitcoin mining.
The Nevada-based bitcoin mining and energy technology company said SBS provides miners and investors with transparent and verifiable ‘Proof of Sustainable Mining’ certificates.
“CleanSpark has been focused on using clean energy since day one. In fact, this focus pre-dates our bitcoin mining operations,” CleanSpark executive chairman Matt Schultz said in a statement.
READ: CleanSpark says it has finalized $35 million in non-dilutive financing from Trinity Capital
“We have partnered with SBS because we believe that it's important for the industry to use verified clean energy aligned with existing renewable energy frameworks,” Schultz added.
CleanSpark noted the stigma around the energy consumption of cryptocurrency mining, and the absence of verifiable standards for the use of renewable energy in bitcoin mining, limit the asset’s adoption by institutional investors, who are increasingly required to meet Environmental, Social, and Governance (ESG) commitments.
It added that the Sustainable Bitcoin Certificates issued by SBS solves this problem by allowing investors to add ‘Proof of Sustainable Mining’ to their bitcoin holdings.
Nevada-based CleanSpark is a sustainable bitcoin mining and energy technology company that is solving modern energy challenges.
Contact Sean at sean@proactiveinvestors.com