- Digihost (DGHI) has launched the DigiGreen Initiative to reduce its carbon footprint
- The initiative will focus on four steps designed to create sustainable, environmentally and economically sound in-house practices
- These steps include corporate leadership, sourcing renewable energy sources, research in carbon reduction and in-house measurements of climate impact
- Digihost Technology is a growth-oriented blockchain technology company primarily focused on Bitcoin mining
- Digihost (DGHI) is down by 0.91 per cent, trading at $2.17 per share
Digihost (DGHI) has launched the DigiGreen Initiative to reduce its carbon footprint.
The initiative will focus on four steps designed to create sustainable, environmentally and economically sound in-house practices:
Corporate leadership
The company is currently searching for a Chief Renewable Energy Officer (CREO) to guide its long-term renewable energy plan. The CREO will also create and support educational outreach programs with research institutions to test, prove out and onboard future fuel technology options.
Bridge and renewable energy sources
Digihost will focus on running its power generation facilities using bridge power sources, meaning low-carbon, or renewable energy sources where available. One example is renewable natural gas, which is developed from the collection and conditioning of organic waste that would otherwise sit in fields or in landfills.
In-House climate impact measurements
Research is underway to develop proprietary standards for measuring the company’s carbon impact. Digihost will use these standards as an environmental audit tool, to generate accountability reports and to advise Directors and shareholders on efforts to minimize the company’s carbon footprint.
Exploring alternative methods of carbon reduction
Digihost’s long-term goals centre on improving the geographic areas the company operates in by:
- Exploring green space initiatives to improve the communities that the company operates in
- Partnering with research institutions to pioneer, develop and implement new renewable fuel options
- Collaborating with industry colleagues to maximize the positive impact companies can have as a whole, including new market entrants
Michel Amar, Digihost’s CEO, stated,
“We are pleased to share our plan to introduce the new DigiGreen Initiative, which is intended to provide additional transparency and useful information on our company’s efforts to minimize its impact on the global environment.
The addition of the newly created role of Chief Renewable Energy Officer to our management team is a positive step forward for Digihost as we continue our growth trajectory and create shareholder value in an environmentally and socially responsible way.”
Digihost Technology is a growth-oriented blockchain technology company primarily focused on Bitcoin mining.
Digihost (DGHI) is down by 0.91 per cent, trading at $2.17 per share at 9:46 am ET.
