The cryptocurrency miner said Guidehouse’s work will include providing a full climate action plan to achieve Argo’s goal of becoming a net-zero greenhouse gas (GHG) company, saying it is aiming to set a precedent for the wider sector and is actively researching “numerous strategies to be a climate friendly cryptocurrency miner”.
“Addressing climate change is a priority for Argo and partnering with DMG to create the first ‘green’ Bitcoin mining pool is an important step towards protecting our planet now and for generations to come. We are hopeful other companies within the Bitcoin mining industry follow in our footsteps to demonstrate broader climate consciousness”, Argo chief executive Peter Wall said in a statement.
The forthcoming wave of Web 3.0 goes far beyond the initial use case of cryptocurrencies. Through the richness of interactions now possible and the global scope of counterparties available, Web 3.0 will cryptographically connect data from individuals, corporations and machines, with efficient machine learning algorithms, leading to the rise of fundamentally new markets and associated business models. The result is akin to a “return to the global village” — daily immersion in the human-centric & highly personalised interactions from which we used to benefit, yet now delivered at the global scale of the internet and supporting an ever-increasing myriad of human and machine skills specialisations.