PriceSensitive

CurrencyWorks (CSE:CWRK) implements zero-cost energy crypto mining platform

Cryptocurrency
CSE:CWRK
05 May 2021 13:00 (EDT)

CurrencyWorks (CWRK) has announced a zero-cost energy crypto mining platform in partnership with Fogdog Energy Solutions.

The company is implementing a proprietary multi-step integrated platform that thermally treats waste to generate energy.

Under the exclusive arrangement, CurrencyWorks will loan Fogdog US$400,000 to construct the electrical power generation thermal unit powered by municipal solid water.

The initial scalable unit will generate enough power to run up to 200 cryptocurrency mining machines.

The energy generated is environmentally friendly and the system will be self-sustainable.

Additionally, this technology reduces municipal solid water and other waste currently filling landfills.

Today’s investors want to understand where their Bitcoin was mined, when it was mined and the coins’ provenance, making clean energy mining more critical now than ever before.

Cameron Chell, Chairman of CurrencyWorks, commented,

“Crypto mining can be incredibly profitable if you can eliminate or minimize the energy costs in the mining process, while at the same time through these policies and best practices reduce the need for landfills and GHG, providing cleaner air and water, conservation of local biodiversity, sustainable energy development and green jobs.

CurrencyWorks’ Zer00™ Crypto operations will help to develop a sustainable way of minimizing MSW and using that energy to mine for crypto.”

CurrencyWorks builds and operates fintech platforms for digital currencies, digital assets and security tokens.

CurrencyWorks (CWRK) is up by 11.40 per cent and is currently trading at $2.15 per share as of 11:25 am ET.

Related News