1 August 2026
Agro Blockchain and DMG Jointly to Launch “Clean Energy” Bitcoin Mining Pool’
Agro Blockchain, a UK-based global cryptocurrency mining company and DMG Blockchain Solutions, a vertically integrated blockchain and cryptocurrency technology company, has signed a memorandum to launch the world’s first Bitcoin mining pool completely powered by clean energy.
The mining pool will be called “Terra Pool” and will produce clean Bitcoin using hydroelectric resources. Aligning with the latest climate science, Terra Pool will work better to manage Bitcoin mining’s impact on the climate.
According to Dan Reitzik, CEO of DMG Blockchain, the joint mining pool venture is “the only bitcoin mining pool to mandate that miners are using Green/Clean energy sources.” He further added: “Miners use various power sources globally from nuclear, to hydro, to coal, and many miners are already using renewable sources of energy. The major pools (primarily based in China) do not care what power sources the miners connecting to them are using. This is what makes Terra Pool different—we have a mandate and guiding principles.”
Currently, Bitcoin miners do not use renewable energy, but many companies are slowly pushing for a greener approach to produce cryptocurrency. For example, Payments company- Square has launched a Bitcoin Clean Energy Investment Initiative in December, committing $10 million to support other companies that drive renewables within the Bitcoin ecosystem.
It is still unclear when Terra Pool will be launch; however, the agreement comes amid rising criticism on Bitcoin for its large carbon footprint. Mining Bitcoin requires huge amounts of energy. So much that the carbon footprint needed to produce one Bitcoin matches that of London’s, Digiconomist reports. Annually, miners consume an estimated 14.44 GW or 128.77 terawatt-hours, as per Cambridge University’s Centre for Alternative Finance.
“Terra Pool will provide both a strong incentive and accessible platform for cryptocurrency miners to produce Bitcoin in a sustainable and climate-conscious way to reduce greenhouse gas emissions over the next decade significantly,” the official statement said. “In the near-term, Terra Pool will work with like-minded Bitcoin miners to expedite the shift from conventional power to clean energy.”
Discussion
0 comments