At TeraWulf, we know that having a meaningful ESG impact requires a 360 view of how our business affects issues such as climate change, diversity and inclusion, health and safety, and community engagement.
That’s why we evaluate each project and investment through TeraWulf’s proprietary ESG Matrix to ensure alignment of our physical footprint with our corporate values. Projects are monitored based on key ESG performance metrics and receive scorecards to quantify performance and highlight areas for improvement and innovation.
TeraWulf’s ESG Matrix facilitates a comprehensive review of ESG factors throughout our mining process. Check below for more information on what crypto mining is and how we make it sustainable:
How does crypto mining work?
Crypto mining is the process by which crypto miners use computers, data, codes, and calculations to validate cryptocurrency transactions and earn cryptocurrency as compensation for their work.
What is sustainable crypto mining?
Crypto mining requires energy to power the computers that verify and record cryptocurrency transactions. In some cases this energy may come from the burning of coal or fossil fuels, a source of carbon emissions, which are driving climate change. In contrast, green crypto mining draws power from renewable energy sources such as solar power, hydroelectric power, and nuclear energy that emit little or no carbon.
What is the future of crypto mining?
The future of crypto mining is one of growth, and the need for crypto mining is increasing as the use of cryptocurrency increases worldwide. This way of mining Bitcoin can speed the transition to a zero-carbon future while creating green energy jobs and helping fight climate change.