I have an investment in a company called HIVE. It's a brilliant idea. They listed on the Toronto stock exchange because this is the worlds market for mining stocks and speculations and has an entire financial industry build to support the industry.

They had their IPO and raised cash, then Geneses Mining, the worlds largest crypto miner bought 30%. They subsequently had two massive private placements that raised $80M and then $115M. They bought property in Iceland where it's cool and paid Genesis to build their first mining capacity. Then they pay Genesis to operate the facility. The power is some of the cheapest in the world. It is geothermal and excess power available. They expanded to Switzerland and did the same, but this time with all hydro power. So they are only using renewable energy.

They just purchased 160acre land parcel in Switzerland and have a commitment for up to 1GW of hydro power that is available to continue to build out their mining business. My point is that if you use renewable power, I see no issue with the using power for this new business.

As a side note, they will have installed 44.2MW of equivalent mining power by September. At this rate, they have projected annual revenue of $150M at greater than 90% profit and will hold the coins to ride their value up in the market and continue to grow. It seems like the perfect business.

I just read that solar is becoming the lowest cost and most abundant energy source in the world. They only need battery technology to store the massive amount that's being generated to use when the sun isn't shining. California is generating so much solar power they are at risk of blowing up their grid. So they pay Arizona to take the excess.

I have another investment called MGX Minerals. They are another tiny company but one of the most incredible I've ever seen. To stay on topic, I'll only talk about one technology they have. It's a battery technology called ZincNyx. They use zinc particles as the fuel and air in a fuel cell technology. It's completely scaleable by increasing the fuel tank (zinc particle tank size and the number of fuel cells). They just announced this week they effectively increased it's capacity by 300% in the latest version they will start offering the market. It's main use will be for power storage of renewable energy. This business has such massive opportunity they are shortly going to spin it off into its own public company.

To run a mining farm, 50% of the cost is electricity and 40% of this is the energy required to cool the computers. I own an incredible investment in a company called Smart Cool. They have a technology that can reduce the amount of energy required to cool. They are aggressively going after mushroom farms, data centers and crypto mining.

My point in this "comment" is only that technology coupled with capitalism will create solutions to many of the worlds problems. And companies like the three I'm invested in are at the forefront of helping responsibly manage the worlds use of energy...