Elon Musk and MicroStrategy CEO propose to form a "Bitcoin Mining Committee" to mine with renewable energy

According to BlockBeats, on May 25, a tweet from Tesla CEO Elon Musk indicated that he is taking measures to encourage Bitcoin miners to use renewable energy for mining.

Musk said in a tweet today that he had a conversation with Bitcoin miners in North America. In the conversation, these miners promised to publish renewable energy use plans and disclose their current methods of obtaining renewable energy. Musk said that they also promised to call on other miners around the world to do the same.

MicroStrategy CEO Michael Saylor said he convened the meeting. Saylor mentioned the formation of a "Bitcoin Mining Council" that would increase transparency around energy use to "accelerate the pace of global sustainability initiatives."

According to Saylor, the meeting was attended by several Bitcoin-related companies and Bitcoin mining companies. Executives from Argo, Block Cap, Core Scientific, Galaxy Digital, Hive, Hut8, Marathon and Riot attended the meeting. According to Saylor, they "decided to establish an organization to standardize energy reporting, pursue industry ESG goals, and educate and develop the market."

Last week, Saylor said his “entities” hold a total of 111,000 bitcoins. He has been adding bitcoins to the balance sheet of software company MicroStrategy and has expressed his support for the network and cryptocurrencies.

Musk had previously strongly supported Bitcoin and added Bitcoin to Tesla's balance sheet, accepting payments for cars in cryptocurrencies. However, he recently announced that he would stop accepting Bitcoin payments because Bitcoin mining is not environmentally friendly. At the time, he said Tesla was considering using other more environmentally friendly cryptocurrencies.