Global Crypto Mining Communities Will Have Access to Carbon Offset and Renewable Energy Credit Markets Through a Partnership Between BlockFills and Isla Verde Capital
Global Crypto Mining Communities Will Have Access to Carbon Offset and Renewable Energy Credit Markets Through a Partnership Between BlockFills and Isla Verde Capital
The new product will help mining companies, especially those that are publicly traded, overcome a significant obstacle by reducing or completely eliminating their operational carbon footprint. Through their collaboration, BlockFills and Isla Verde Capital directly address this demand by providing the North American and international mining community with one of the first ecologically friendly Bitcoin mining solutions.
"Isla Verde Capital has proven to be a thoughtful and ambitious partner alongside BlockFills to help resolve a growing challenge in the cryptocurrency mining industry," said Neil Van Huis, Partner and Director at BlockFills. "Miners are looking for sustainable solutions to their challenges in the energy industry, while also fighting public scrutiny over their consumption and carbon footprint." "This collaboration offers them clever and environmentally friendly solutions. We are committed to providing the market access, goods, and services that qualified mining firms from North America and throughout the world need to compete in a rapidly increasing market area.
Since the company's start in 2018, BlockFills has offered strategic assistance to miners in North America and all around the world. To access BlockFills Pool, the only U.S. mining pool that is SOC 1 Type 2* Certified, miners have partnered with BlockFills. BlockFills also assists miners with customised execution, same-day fiat transfers, collateralized lending services, hedging services, and other services.
Over 900 enterprise and mining companies are currently served by BlockFills both in North America and internationally.
Ronnie Virissimo, Isla Verde Capital Co-CIO, stated: "We are excited to partner with BlockFills to help cryptocurrency miners, traders, and other participants find green solutions for their energy usage. The space is changing, and it is becoming more imperative that all groups, particularly those on the blockchain, are proactive about reporting on and lowering their carbon footprint.
"We are thrilled to work with BlockFills to introduce these environmentally friendly goods to the Bitcoin mining sector. BlockFills is an easy choice to lead the way in providing sustainable mining solutions since they have been a leader in the industry for a number of activities, from hardware financing to balance sheet risk management. Nasser Mohsin, Co-CIO of Isla Verde Capital, stated, "We hope our cooperation and products will be a tool for miners to reach for as the Bitcoin network moves forward in its sustainability initiatives.
"Since its start, BlockFills has been a thought leader in providing services to the Bitcoin mining industry, from funding equipment and managing block reward risk to providing dark pooled spot market liquidity and USD loans to pay operating expenses. BlockFills is pleased to work with Isla Verde Capital to provide market access and education on Carbon Offset and Renewable Energy Credit products as part of our ongoing efforts to best serve Bitcoin miners and the larger crypto industry. According to John Divine from BlockFills, "We think that opening up the market to Carbon Offsets and REC's will help the industry cut through the noise on Bitcoin Mining carbon intensity, and be well positioned for a future that is focused on environmental consciousness and sustainability initiatives.
BlockFills, a rapidly expanding worldwide digital asset trading and financial technology company, announced a cooperation with Isla Verde Capital to provide renewable energy credits and carbon emissions offsets to the Bitcoin mining community and the larger crypto sector (RECs). Isla Verde Capital, a multinational company focusing in the renewable energy and environmental attribute markets, assists businesses in gaining access to these markets for their environmental commitments and goals, including Bitcoin mining, by providing them with RECs, IRECs, and carbon offsets.
Article Credit: Business Wire
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