BITMAIN funded firm SAITECH – To Completely Decarbonize Its Crypto Mining Operations

According to a news report released on June 29th, SAITECH plans to power its cryptography operations entirely with renewable energy by 2060, reducing its carbon footprint significantly in line with China’s powerful national decarbonization policies. By the end of June, they hope to have addressed the climate change crisis.

SAITECH Carbonization and greening

They estimate that renewable energy will meet up to half of China’s energy needs by 2030. Together with their aggressive designs based primarily on heat recirculation and conversion to energy efficiency projects such as heating greenhouses, the country will continue to reduce its carbon footprint from its current level.

SAITECH has committed to this goal in line with SAITECH’s participation in the United Nations Framework Convention on Climate Change (UNFCCC) Climate Neutral Now initiative, which aims to make it the first digital asset company to promote clean energy usage. The United Nations Framework Convention on Climate Change (UNFCCC) provides scientific methods to assist businesses in reducing their carbon footprints. SAITECH agrees to reduce carbon emissions and achieve carbon neutrality by focusing on clean computing power under the terms of this agreement.

Source: Fox Business


The Clean Energy and Computing Organization (OCEC) has now been formed to include crypto-monetary mining firms among others. Access to green energy sources, technical guidelines on how to convert thermal to renewable energies from their energy sources, and other benefits come with membership in that group.

So far, SAITECH has received $2.8 million in funding from Genis Capital in a round driven by cryptographic investment by cryptographers and Bitcoin’s mining energy needs. During its seed round, Bitmain, the world’s leading Bitcoin mining equipment chipset manufacturer, contributed $1.4 million. 

Bitcoin mining and other proof-of-work consensus systems have recently fueled environmentalist fires. Governments are being pressed to address cryptocurrency mining operations despite their massive energy demands, which are being criticized by fossil fuels. 

China tightens its grip. 

According to BTCManager, the Chinese government has begun cracking cryptomines in major hubs across the country, including Xinjiang and Sichuan.

Read more:

Recent Articles

InvestAnswers Host Calls Solana ($SOL) the Top Ethereum Competitor

InvestAnswers Host Calls Solana ($SOL) the Top Ethereum Competitor

According to InvestAnswers, popular crypto analytics and market analysis show, that Solana ($SOL) is still the top competitor for Ethereum ($ETH). The show's host stated...
Lyn Alden Calls Bitcoin ‘Fastest Horse’ in Crypto Race

Lyn Alden Calls Bitcoin ‘Fastest Horse’ in Crypto Race

Bitcoin will continue to be the leading currency in the digital asset market, according to Lyn Alden, a well-known equity research analyst, and investment...
Cardano ($ADA) Founder Tells Newcomers to Crypto Market

Cardano ($ADA) Founder Tells Newcomers to Crypto Market

Charles Hoskinson, Co-Founder, and CEO of IO Global (aka "IOG," formerly known as "IOHK"), the company in charge of Cardano's research and development, is...

Firepin Token (Frpn), Solana (Sol), And Ethereum Will Revolutionize The Cryptocurrency Business (Eth)

Blockchain and cryptocurrencies have gained popularity this year. People from all professions are seeking ways to harness blockchain technology and reap its benefits. How...

Here The Top 10 Cryptocurrencies To Still Look Forward Amidst The Dip

Due to the proliferation of cryptocurrencies, cryptocurrency investors are interested in the volatile cryptocurrency market. Cryptocurrencies are becoming increasingly popular due to their capacity...

Related Stories


Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox