MintGreen, a Canada-based cleantech cryptocurrency miner, will partner with Lonsdale Energy Corporation starting in 2022 to provide heating to residents of North Vancouver, British Columbia.
In an announcement on Thursday, MintGreen said its “digital boilers” – which it claims can recover more than 96% of the electricity used for Bitcoin (BTC) mining – will prevent that during its deal 20,000 tons of greenhouse gases per megawatt are released into the atmosphere with North Vancouver. The energy generated is used to heat 100 residential and commercial buildings in the Canadian city with around 155,000 inhabitants.
Colin Sullivan, CEO of MintGreen, said the partnership aims to address issues related to climate change. According to a December 2020 report by the Global Alliance for Buildings and Construction, about 38% of carbon dioxide emissions in urban areas were from building operation and construction.
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Crypto users battling the cold during the winter season have often turned to mining rigs for heat. MintGreen has already partnered with the Sea Salt facility on Vancouver Island and Canadian whiskey company Shelter Point Distillery to sell its thermal waste from BTC mining to power portions of their operations.
MintGreen said it plans to start the initiative in 2022, likely before another severe Canadian winter begins. The lowest recorded temperature for North Vancouver is approximately -20 ° C.