A bitcoin mining startup has raised $13 million to convert trash into bitcoin. The company, Nodal Power, operates two mining data centers in the US and plans to open a third one in early 2024. The centers use electricity generated from landfill waste, reducing the environmental impact of bitcoin mining. Nodal Power’s co-founder stated that bitcoin mining is only done in their data centers when grid economics are not favorable. Additionally, the company aims to use the excess energy to secure the blockchain. Methane, a greenhouse gas produced in landfills, contributes significantly to global warming, and Nodal Power’s initiative helps mitigate its emissions.
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