GreenBlocks mines Bitcoin and other cryptocurrencies using 100% renewable energy of Iceland and helps partners with stranded or excess energy increase their utilization and revenue through mining. The firm offers a flexible structure to each partnership, depending on capacity, availability and location, to monetize the otherwise unused energy production through proof-of-work. GreenBlocks secures blockchains using the clean energy of Iceland and helps owners of stranded/excess energy maximize utilization.
GreenBlocks has been active in mining since 2019 but 2021 marks the birth of GreenBlocks as a brand.
According to Daniel Jonsson, GreenBlock’s founder, crypto mining is one of the first green alternatives Iceland has to export its energy.
Additionally, Bitcoin is a solution that will be one of the biggest catalysts in the shift to renewable energy sources over the coming years.