Galaxy Digital Launches BTC-Focused Sustainability Program

by in Cryptocurrency News

Galaxy Digital Bitcoin mining

Technology-driven investment management firm Galaxy Digital started an ESG (environmental, social, and governance) program focused on ensuring environmentally-friendly Bitcoin mining.

Related: Galaxy Digital Announced Raising $500 M

Founder and CEO of Galaxy Digital, Mike Novogratz wrote that the company built a structured approach to implement the sustainability project, and the Board of Directors will control the process, establish and oversee sustainability framework, strategy and goals.

The company said that it will actively explore improving its environmental and carbon emissions. The initiative is a part of the company's plan to achieve an 80% sustainable energy for mining BTC and boost crypto adoption.

Galaxy Digital is one of the founders of the open forum of Bitcoin miners, Bitcoin Mining Council. The institution aims to make the BTC mining process more transparent and educate people on the benefits of BTC and mining, also sharing best practices in the mining community.

In the publication, Galaxy Digital CEO Mike Novogratz mentioned that the company would issue an inaugural sustainability report later this year.