Ziyen Energy has acquired a 35-year Surface Use Lease for Renewable Energy production and Green Bitcoin Mining located in Mount Blanc Valley Ranches, Alamosa County, Colorado.
The U.S. is now the second-biggest bitcoin mining destination on the planet, accounting for nearly 17% of all the world’s bitcoin miners, which is an increase of 151% in the last year. However, there is a major environmental concern, as Bitcoin and other cryptocurrencies require large amounts of energy to operate, due to the computations needed for bitcoin mining. Currently, estimates, the Bitcoin network uses as much energy in one year as the country of Argentina.
Alastair Caithness, Ziyen Energy CEO, stated
“Ziyen Energy Tokenized Fund has made another strategic acquisition, by acquiring a 35 year green bitcoin mining lease in Colorado. When electricity is the highest variable cost, miners and mining pools seek to establish their operations where electricity is the least expensive. Up until now the majority of Bitcoin Mining was in China and was powered by cheap coal powered electricity. Ziyen Energy Tokenized Fund will continue to acquire interests in various energy assets including Wind and Solar, and the opportunity to provide a second revenue stream through Bitcoin Mining from operations in addition to energy production provides the company with an exciting opportunity.”
David Rogers, CTO, added
“El Salvador has become the first country in the world to adopt Bitcoin as legal tender, a move that could potentially start a trend across Latin American countries with the leaders in Argentina, Brazil, Panama, and Paraguay also endorsing the move on social media. The acceptance of digital currencies as a payment or as an investment opportunity is becoming more common around the world. Out of the top 100 banks by assets under management, 55 have invested in cryptocurrency or blockchain-related companies. Either directly, or through subsidiaries, according to Block Data, with the most active investors based on the number of investments in blockchain companies are Barclays, Citigroup, Goldman Sachs, J.P. Morgan Chase and BNP Paribas.
However, bitcoin and cryptocurrency miners are searching for ways to remove the carbon emissions from the electricity required as the power source and thus we believe we can capitalize on the opportunity back here in the States, starting with Colorado before moving onto our Wind Energy lease in Wyoming.”