Over 50% of US Bitcoin Miners to Back New Policy Group

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The Cham­ber of Dig­i­tal Com­merce, an advo­ca­cy orga­ni­za­tion for dig­i­tal inno­va­tion and Bit­coin, has unveiled a new ini­tia­tive known as the Dig­i­tal Pow­er Network. 

The Dig­i­tal Pow­er Net­work’s pri­ma­ry mis­sion is to advo­cate for Bit­coin min­ing and dri­ve for­ward pro­duc­tive ener­gy pol­i­cy, aim­ing to rev­o­lu­tion­ize ener­gy mar­kets by cham­pi­oning Bit­coin. The core belief behind this endeav­or is that Bit­coin min­ing can help encour­age invest­ments in renew­able ener­gy, and enhance grid stability.

Boast­ing a strong mem­ber­ship ros­ter includ­ing indus­try giants such as Argo, Bit­Dig­i­tal, Bit­Farms, Coin­mint, Cipher Min­ing, Dig­itHost, Hive, Marathon, Riot, Sus­tain­able Bit­coin Pro­to­col, and Ter­awulf, this con­sor­tium rep­re­sents over 50% of the U.S. Bit­coin hash rate and aims to reshape the ener­gy land­scape while dri­ving the future of ener­gy pol­i­cy in Washington.

“We are thrilled to intro­duce our inau­gur­al affil­i­ate orga­ni­za­tion, the Dig­i­tal Pow­er Net­work,” said Founder and CEO of The Cham­ber of Dig­i­tal Com­merce, Peri­anne Bor­ing. “Dig­i­tal asset min­ing, at its heart, is both an ener­gy and nation­al secu­ri­ty mat­ter, and we firm­ly believe that Bit­coin will dri­ve poli­cies that unite all polit­i­cal stake­hold­ers to advance this cru­cial indus­try in the Unit­ed States.”

Through advo­ca­cy, part­ner­ships and edu­ca­tion, the Dig­i­tal Pow­er Net­work is attempt­ing to make real pol­i­cy change in Wash­ing­ton. Their objec­tive is to “forge a robust alliance encom­pass­ing pol­i­cy­mak­ers, reg­u­la­tors, media influ­encers, and eco­nom­ic stake­hold­ers,” a spokesper­son for the Dig­i­tal Pow­er Net­work told Bit­coin Magazine.

With a col­lec­tive voice, they will work with pol­i­cy mak­ers to get pol­i­cy that makes a real dif­fer­ence for Bit­coin miners.

Jason Les, CEO of Riot, under­lined the trans­for­ma­tive poten­tial of this ini­tia­tive to push for­ward ben­e­fi­cial Bit­coin min­ing pol­i­cy in the Unit­ed States, stat­ing, “At its core, Bit­coin min­ing con­verts strand­ed, low-cost ener­gy into a valu­able com­mod­i­ty, which is why our indus­try has tremen­dous potential.”

With this ini­tia­tive, the Cham­ber of Dig­i­tal Com­merce aims to lead the con­ver­sa­tion in dig­i­tal ener­gy advo­ca­cy and pol­i­cy trans­for­ma­tion. Fred Thiel, CEO of Marathon, also high­light­ed the impor­tance of the Dig­i­tal Pow­er Net­work, stat­ing “Hav­ing a voice like the Dig­i­tal Pow­er Net­work in Wash­ing­ton is impor­tant for ensur­ing that the per­spec­tives of dig­i­tal ener­gy stake­hold­ers are considered.”

The Dig­i­tal Pow­er Net­work wants to posi­tion the Unit­ed States as a leader in the dig­i­tal ener­gy rev­o­lu­tion, align­ing eco­nom­ic growth with envi­ron­men­tal sustainability. 

The ini­tia­tive has already made its mark on the pol­i­cy front, notably by pio­neer­ing the intro­duc­tion of the first pro-proof-of-work res­o­lu­tion in the U.S. House of Representatives.

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