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22 June 2021

Michael Saylor Announces Go-Live of Bitcoin Mining Council

Michael Saylor Announces Go-Live of Bitcoin Mining Council


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Saylor made the announcement while inviting major industry players, clarifying that the Bitcoin Mining Council will serve as a “voluntary” and “open forum” for Bitcoin miners.

Market participants are becoming increasingly concerned about the massive quantity of energy required for Bitcoin mining operations as the cryptocurrency industry evolves.

Saylor, who has made acquiring Bitcoin a business goal for the enterprise software manufacturer, sought to allay concerns about energy consumption following Tesla’s move.

Meanwhile, governments around the world over are growing concerned about the energy consumption linked with cryptocurrency mining activities.

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