Canadian city becomes first to heat buildings through Bitcoin mining

North Vancouver announced Thursday it would become the world’s first city to be heated almost entirely by bitcoin mining, an innovative way to tackle climate change by creating valuable cryptocurrency coins and usable thermal energy at the same time.

The city energy utility company is teaming up with MintGreen, a Canadian cleantech cryptocurrency miner, to create renewable and clean energy for the city by mining for the popular digital coin using their proprietary “Digital Boilers,” which recover more than 96% of the electricity used for bitcoin mining in the form of heat energy.