Mawson Infrastructure Pledges Carbon Neutrality

The world seems to be running low on power for Bitcoin miners, especially as the news cycle points out stories of power grids failing, residents freezing in New York and power bills skyrocketing. As a result of all this bad press and a need for better energy practices, Mawson Infrastructure ($MIGI@AUS) has pledged that it will go carbon neutral by 2030. China is banning cryptocurrency, and mining firms are escaping the country as fast as they can. Meanwhile, Kazakhstan is the second-leading hub for crypto mining, but the nation has had to shutter 3 coal-fired power plants due to overuse. This is where Mawson wants to make a change. With its focus on sustainability, the firm uses 75% non-carbon emitting energy to power its operations. It is on track to reach carbon neutrality by 2030, amid it offset 100% of its carbon emissions in 2020. The firm planted 25,000 trees in 2021, and it plans to plant 53,000 more in 2022–with a goal of planting a tree every time a block is created. It’s also funded renewable energy projects in India, native reservation projects in Australia, and a conservation project in Turkey. At press time, Mawson stock was down nearly 8%, sitting at $3.92 per share.