Bitcoin miner Greenidge commits to being “carbon neutral”

Bitcoin miner Greenidge Generation Holdings has announced on Friday that from June 1, its operations will be “carbon neutral”. The announcement follows after recent uproar about mining’s environmental impact.

The New York based miner said that it will offset all greenhouse gas emissions from mining through a portfolio of fully accredited offset credits this summer.

Alternative energy sources and accredited renewable energy projects

In addition, Greenidge will divest into alternative green energy sources and other locations across the United States that showcase a green reputation. The company further said it plans to invest some of its mining profits into renewable energy projects. All of these projects have been reviewed and certified by well-recognized Offset Project Registries.

Jeffrey Kirt, Chief Executive Officer of Greenidge is proud of the company’s ambitions to solely mine green and responsibly:

“Our bitcoin mining capability is already best-in-class and seamlessly integrated with our electricity generation that powers thousands of homes and businesses,” the CEO said during the announcement.

“By taking the bold and unique step of making our cryptocurrency mining fully carbon neutral immediately – as opposed to at some distant date in the future — Greenidge is once again leading in environmental efforts.”

Kirt continued:

“We are demonstrating we can provide the same critical transaction verification and processing services to secure the bitcoin network while maintaining a fully carbon neutral footprint. We call on others to join us in significantly reducing greenhouse gas emissions now.”

Greenidge is a participant in the Regional Greenhouse Gas Initiative (RGGI). This program allows states to engage in CO2 allowances via auctions and renewable energy benefit programs.

Greenidge’s CEO of its upstate New York site, Dale Irwin, concluded by making it clear that the company cares. He said:

“We have kept our commitment to stop running on coal forever, we operate a clean natural gas plant with modern emissions controls, and we have created a data processing center that offers high-paying tech jobs and spends millions on businesses across our state.”