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Bitcoin Mining Council emerges following meeting with Michael Saylor and Elon Musk

The CEO of MicroStrategy brokered a successful meeting between Elon Musk and North American Bitcoin miners.

North America’s Bitcoin mining industry appears to be moving towards greater environmental sustainability after MicroStrategy CEO Michael Saylor brokered a successful meeting between Elon Musk and several industry leaders. 

Saylor and Musk both revealed Monday that the Bitcoin Mining Council has been established following the high-level talks. The Council is made up of several industry leaders, including Argos Blockchain, Blockcap, Galaxy Digital, Hive Blockchain, Hut 8 Mining, Marathon Digital and Riot Blockchain. They’ve all agreed to “promote energy usage transparency [and] accelerate sustainability initiatives worldwide,” Saylor tweeted Monday afternoon.

Musk added: “Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.”

The Bitcoin price appears to have rallied sharply after the announcement circulated. BTC reached an intraday high of $39,960.00, building off earlier gains. 

This story is currently under development.

Story Originated on Cointelegraph