AUSTIN, Texas, June 10, 2021 /PRNewswire/
-- Blockcap, Inc. ("Blockcap"), one of North America's largest blockchain technology
companies, today announced it has joined the Bitcoin Mining Council
(BMC). This voluntary forum aims to provide educational resources,
transparency and best practices regarding bitcoin mining and the
many benefits the Bitcoin network provides to users globally.
As one of the largest bitcoin mining operations in the United States, Blockcap is a founding
member of the BMC, alongside Argo Blockchain, Core Scientific,
Hive, Hut8, Marathon Digital Holdings, Microstrategy, Riot and
Galaxy Digital. The BMC is open to any and all entities involved in
bitcoin mining.
Blockcap is committed to sustainable mining by maintaining a 100
percent carbon-neutral footprint and 56 percent renewable energy
usage in its US-based facilities. In a statement, Blockcap's CEO,
Executive Chairman and founder, Darin
Feinstein, lauded the BMC's creation and emphasized that its
members are committed to adhering to the foundational principles of
the Bitcoin Network, including promoting decentralization and
global financial inclusion.
"Blockcap is proud to join this voluntary effort by top firms in
the digital asset technology space to raise awareness of the
benefits of the Bitcoin Network and the opportunity it creates for
almost eight billion individuals to have access to property rights
in what amounts to financial autonomy," Feinstein said. "Our aim is
to educate people about the virtues of this groundbreaking
technology as a tool for financial inclusion on a truly global
level. As part of our mission, the Council will focus on supporting
the free flow of accurate information about the Bitcoin network as
it relates to many of the incorrect narratives that continue to be
spread by various industries and parties. The most important
takeaway is that this is the first time in the history of humanity
when we have had a user-centric, decentralized financial and
accounting network, and the people need to know it exists and how
they can access it."
The BMC's creation last month followed a series of informal
conversations between various independent miners and Microstrategy
CEO and bitcoin supporter Michael
Saylor. The Council plans on holding quarterly meetings
where it will present the trends in bitcoin mining, gather data to
educate the public and open-source the best practices for the
sustainable growth of the industry. Additional information about
the council can be found on its website.
About Blockcap
Blockcap, Inc. (the "Company" or "Blockcap") headquartered in
Austin, Texas, was founded by
blockchain industry veterans that have been in the space for nearly
a decade. The Blockcap mining division operates one of the world's
largest bitcoin mining operations, accounting for nearly 1 percent
of all the Bitcoin network transactions. In addition to mining
operations, the company operates two other divisions - digital
treasury assets and venture investments. Blockcap's mining fleet
currently utilizes Core Scientific's best-in-class co-location
mining facilities based in the United
States.
For more information, visit https://www.blockcap.com/ or contact
(833) 901-BLOC toll-free.
Follow Blockcap on LinkedIn.
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SOURCE Blockcap