Ziyen Energy has acquired a 35-year surface use lease for renewable power generation and green Bitcoin mining located in Mount Blanc Valley Ranches, Alamosa County, Colorado.
The United States is now the second largest bitcoin mining destination on the planet, accounting for nearly 17% of all bitcoin miners globally, which is an increase of 151% last year. However, there is a major environmental concern, as Bitcoin and other cryptocurrencies require large amounts of energy to operate, due to the calculations required to mine bitcoin. Currently, according to estimates, the Bitcoin network consumes as much energy in a year as the country of Argentina.
Alastair Caithness, CEO of Ziyen Energy, said
“The Ziyen Energy Tokenized Fund made another strategic acquisition, acquiring a 35-year green bitcoin mining lease in Colorado. When electricity is the highest variable cost, miners and mining pools seek to locate their operations where electricity is cheapest. Until now, the majority of Bitcoin Mining has been in China and powered by cheap coal-fired electricity. The Ziyen Energy Tokenized Fund will continue to acquire stakes in various energy assets, including wind and solar, and the opportunity to provide a second source of income through Bitcoin Mining from operations in addition to power generation. offers the company an exciting opportunity. “
David Rogers, CTO, added
“El Salvador became the first country in the world to adopt Bitcoin as legal tender, a move that could potentially start a trend in Latin American countries, with the leaders of Argentina, Brazil, Panama and Paraguay also approving. this decision on social networks. The acceptance of digital currencies as a means of payment or as an investment opportunity is increasingly common around the world. Of the top 100 banks in terms of assets under management, 55 have invested in companies related to cryptocurrency or blockchain. Either directly or through subsidiaries, according to Block Data, the most active investors based on the number of investments in blockchain companies are Barclays, Citigroup, Goldman Sachs, JP Morgan Chase and BNP Paribas.
However, bitcoin and cryptocurrency miners are looking for ways to remove carbon emissions from the electricity required as a power source and therefore we believe we can capitalize on the opportunity here in the United States, by starting with Colorado before moving on to our wind power lease in Wyoming. “
Photo by Luke Mummert on Unsplash
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