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US Senator requested mining companies on the impact on the ecology
Member of the US Banking Committee Elizabeth Warren expanded the request for six companies mining on the environment. This is stated in the press release.
In December 2021, the senator demanded from the CEO Greenidge Generation Deffri Kirte to provide detailed data on the company’s activities. Then she expressed the opinion that the consumption of electricity during the extraction of bitcoin “is comparable to the indicators of Denmark, Chile, Argentina and Washington”.
The expanded request mentions Riot Blockchain, Marathon Digital Holdings, Stronghold Digital Mining, Bitdeer, Bitfury Group and Bit Digital. Warren asked each company by February 10 to tell in detail about electricity consumption, scaling plans, agreements with energy firms, as well as the impact on tariffs for consumers and small businesses.
“Extremely high energy consumption and emissions of Co₂, related to the prey of bitcoin, can undermine our intense work to overcome the climatic crisis, not to mention the pernicious effect of mining on the local environment and electricity prices,” Warren said said Warren.
Earlier in the House of Representatives of the US Congress, hearing was held on the extraction of cryptocurrencies. During the discussion, legislators called the issues of carbon dioxide emissions and energy efficiency priority in any debate about mining. Representatives of the sector in the discussion did not participate.
Recall that in January, the experts of the Fitch Ratings rating agency admitted that mining in the United States could create financial risks for energy supplying enterprises.