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Saylor Meets With Musk to Form Bitcoin Miners Council

Saylor Meets With Musk to Form Bitcoin Miners Council
  • Michael Saylor hosted a meeting with Elon Musk and Bitcoin Miners in North America.
  • The meeting is to build a Bitcoin Miner Council.
  • The Bitcoin miner council aims to support energy usage and transparency.

On Monday, MicroStrategy CEO Michael Saylor tweeted that he is hosting a meeting. The meeting is with Tesla CEO Elon Musk and Bitcoin miners in North America to build a Bitcoin Mining Council. Moreover, the group aims to support energy usage and transparency and accelerate sustainability initiatives worldwide.

In addition, Musk tweeted earlier that the group committed and planned renewable usage and asked miners worldwide to do so. Potentially promising. According to Saylor, the group included Argo Blockchain, Hive Blockchain Technologies, Blockcap, Core Scientific, Galaxy Digital, Hut 8 Mining, Marathon Digital Holdings, and Riot Blockchain. 

On the other hand, emails did not immediately return Saylor’s reference to each company Monday. However, several of the firms mentioned tweeted their support for the plan. Hut 8 Mining confirmed it was part of the discussions Saylor referenced. By tweeting that, it would “educate the market that sustainable mining is possible and a priority.”

Also, Argo Blockchain CEO Peter Wall tweeted that Argo will push hard for sustainable mining and more transparency as a founding member of the Bitcoin Mining Council. While Marathon Digital Holdings Executive chairman Merrick Okamoto tweeted the company would do its part to contribute to sustainable mining and transparency.

While Tesla announced, they began accepting Bitcoin as payment for vehicles in March. But Musk shifted that position earlier this month as he showed concern for the environment.

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A Computer Engineering graduate who writes news focuses on cryptocurrency-related and blockchain technology. He is enjoying using his skills to contribute to informing people of the exciting technological advances that happen every day.