An environmentally friendly Bitcoin mining center went public this week under the symbol “SATO”.
A Canada-based Bitcoin mining company went public on the TSX Venture Exchange in Toronto this week. His entry into the trading arena takes place under the stock symbol “SATO” as a tribute to Bitcoin founder Satoshi Nakamoto.
Canada Computational Unlimited (CCU.ai) is a high-quality, climate-neutral Bitcoin mining company. The company recently received support from the blockchain equity fund True Global Ventures 4Plus. TGV 4Plus has just raised 100 million US dollars in funding prior to the CCU.ai cooperation.
Romain Nouzareth, chairman and CEO of the mine operator, commented on the landmark. “CCU.ai offers investors the opportunity to participate in a resource-efficient investment or in the crypto market,” he said. “We are also very pleased to have received the SATO ticker as a tribute to Satoshi Nakamoto,” an allusion to the mysterious inventor of Bitcoin.
Meanwhile, TGV 4 Plus founder Dusan Stojanovic said that a compelling factor in the partnership is CCU.ai’s environmentally friendly approach. The Canadian Bitcoin mining company works 100% with hydropower.
The SATO share is expected to begin trading on September 21, according to a statement.
Green bitcoins are the future
CCU.ai isn’t the only cryptocentric company with a green focus. The crypto space as a whole has a new green focus, a trend that is likely to lead the sector into the future.
Earlier this year, big news that Tesla was dropping Bitcoin for environmental reasons rocked the industry. Crypto mining can have a heavy impact on the environment. News of a Bitcoin mining facility on a New York lake sparked a great deal of controversy over its alleged environmental impact.
Environmental activists targeted the crypto industry as it continues its growth into mainstream markets and increasingly seeks to penetrate the area.
However, there are signs that the crypto world is “going green”. The shift towards clean energy by mining companies is evident, according to a Cambridge study. Canada Computational Unlimited is an example of such an improvement.
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