Blockchain company Neptune Digital Assets (TSX-V: NDA) and firm that is mining Global Technologies have finalized a letter of intent to co-develop a bitcoin (BTC, +1.95%) mining facility partly powered by green energy in Alberta, Canada.
In a announcement Friday, TSX Venture Exchange-listed Neptune Digital Assets and Link Global stated they expect you’ll signal a contract that is definitive by April, with construction starting immediately thereafter.
The venture that is joint be 50-50 with both organizations splitting expenses and revenue.
The mining that is brand new is built in Alberta, where Link Global runs a lot of its bitcoin facilities. The website that is 5-megawatt be solar-, wind- and normal gas-powered.
The agreement comes amid increasing critique for the energy employed by the crypto mining industry as well as its effect on climate modification.
“We expect there become significant force that is international develop sustainable bitcoin mining operations throughout the world, stated Cale Moodie, Neptune CEO. “We wish as being a group becoming a major powerhouse in low-cost, carbon-neutral mining and tapping available carbon credits for change for the reason that burgeoning marketplace.”
On March, 4 the two companies partnered for Link to procure and operate 1,500 ASIC mining machines with respect to Neptune.