By Tyler Durden
Mining cryptocurrency is an energy-intensive industry. The main by-product of high-powered computers verifying Bitcoin, Etherum, and or Ripple transactions on the blockchain is an excessive amount of heat that often goes to waste. However, one company is set to heat buildings in the Canadian city of North Vancouver through mining rigs attached to “digital boilers.”
Cleantech cryptocurrency miner MintGreen partnered with Lonsdale Energy Corp. to supply heat to buildings in North Vancouver, according to a press release. MintGreen’s digital boilers use immersion technology that captures 96% of the heat generated from mining rigs and is fed to water utilities as energy, then distributed to 100 buildings in the downtown district.
“Being partners with MintGreen on this project is very exciting for Lonsdale Energy, in that it’s an innovative and cost-competitive project, and it reinforces the journey Lonsdale Energy is on to support the City’s ambitious greenhouse gas reduction targets,” Lonsdale Energy CEO, Karsten Veng, said.Â
