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Bitcoin Mining Council emerges following meeting with Michael Saylor and Elon Musk



North America’s Bitcoin mining industry appears to be moving towards greater environmental sustainability after MicroStrategy CEO Michael Saylor brokered a successful meeting between Elon Musk and several industry leaders.

Saylor and Musk both revealed Monday that the Bitcoin Mining Council has been established following the high-level talks. The Council is made up of several industry leaders, including Argos Blockchain, Blockcap, Galaxy Digital, Hive Blockchain, Hut 8 Mining, Marathon Digital and Riot Blockchain. They’ve all agreed to “promote energy usage transparency [and] accelerate sustainability initiatives worldwide,” Saylor tweeted Monday afternoon.

Musk added: “Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.”

The Bitcoin price appears to have rallied sharply after the announcement circulated. BTC reached an intraday high of $39,960.00, building off earlier gains.

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