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21 June 2021

Elon Musk Will Have ‘No Role’ in Bitcoin Mining Council - Decrypt

Elon Musk Will Have ‘No Role’ in Bitcoin Mining Council - Decrypt


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Elon Musk Will Have ‘No Role’ in Bitcoin Mining Council.

Elon Musk is the CEO of Tesla, which owns more than $1 billion in Bitcoin.

The Bitcoin Mining Council, a group of energy-conscious North American Bitcoin mining companies first revealed by Musk in a tweet in late May, debuted today and clarified that Musk will have “no role” at the Council.

Musk, whose car company Tesla had purchased $1.5 billion worth of Bitcoin in February, appeared to have been swayed by those critics when on May 12 he announced Tesla would no longer accept Bitcoin as payment, citing environmental concerns.

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