Can crypto mining be green? You must be wondering if this is even possible,In this post we’ll explore how hive blockchain technologies is using its ESG strategy and state-of-the-art mining facilities to help encourage the use of renewable energy in the digital currency space. Hive was the first cryptocurrency miner to go public,and the first mined both bitcoin ethereum and the first to have a green energy focused and committed ESG strategy.
ESG is refers to environmental social and corporate governance,the three central factors in measuring the sustainability and the societal impact of a company,now let dig into hive’s ESG strategy starting with its data centers in Canada,Sweden and Iceland. Hive blockchain is dedicated to mitigating its environmental impact and has built facilities and jurisdictions with access to relatively low-cost green and renewable energy,its data centers are located in cold areas in order to reduce the need for additional cooling systems,for example at the Bowden Sweden facilities temperature reach negative 30 degrees Celsius in the winter,in its quest to build sustainable operations that will power the blockchain of the present,hives facilities are exclusively using nearby hydro energy power,green power along with geothermal energy in Iceland.Hive is optimizing energy demand by using state-of-the-art software technology to assist the energy demands during the peak hours in Bowden Sweden.
What does the S stands for in ESG? It stands for SOCIAL,hive support a pilot project in Sweden called the energy symbiosis,this will use the heat generator from company data centers to grow vegetables in a nearby greenhouse.hive also dedicated itself to helping the advancement of children’s education within the local communities where its data centers are located.
Lastly is G in the ESG and it stands for governance,hive is proud to have a diverse group of professionals making up the company’s success team,this includes women in senior managed positions like the managing director in Sweden,hive welcome curious investors like doodle or more about hive and is using ESG strategies in his mission as one of the world’s leading cryptocurrency minors.
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