Partnership responds to demand from global crypto mining communities for sustainable options to offset carbon emissions produced by mining operations
CHICAGO, September 13, 2022–(BUSINESS WIRE)–BlockFills, a fast-growing global financial technology and digital asset trading company, announced its partnership with Isla Verde Capital to provide the global Bitcoin mining community and the broader crypto industry with emissions offsets. carbon and renewable energy credits (REC). Isla Verde Capital is a global firm specializing in renewable energy and environmental attribute markets, and helps companies access renewable energy attribute markets such as carbon offsets, CERs and IRECs for their environmental goals and commitments, including bitcoin mining.
The new offering will solve a critical challenge for mining companies, especially those that are publicly traded, to minimize or eliminate their mining operational carbon footprint. With this partnership, BlockFills and Isla Verde Capital are directly addressing this demand by offering one of the first environmentally friendly bitcoin mining solutions for the North American and global mining community.
“Isla Verde Capital has proven to be a thoughtful and ambitious partner alongside BlockFills to help solve a growing challenge in the crypto mining industry – miners are looking for sustainable solutions to their challenges in the mining industry. energy, while fighting against public scrutiny of their consumption and carbon footprint,” said Neil Van Huis, partner and director of BlockFills. “This partnership gives them smart and sustainable options. Our commitment remains to support qualified North American and global mining companies with market access, products, and the services that they and other professionals and institutions demand in an ever-expanding market segment.”
BlockFills has provided strategic support to miners in North America and around the world since the company was founded in 2018. Miners have partnered with BlockFills to gain access to BlockFills Pool, which is the only SOC 1 Type 2 certified US mining pool* . Additionally, BlockFills helps miners facilitate custom execution, same-day transfer to fiat, secured lending services, hedging services, and more.
BlockFills currently serves over 900 companies and mining companies in North America and around the world.
“We are thrilled to partner with BlockFills to help cryptocurrency miners, traders and other participants find green solutions for their energy consumption,” said Ronnie Virissimo, Isla Verde Capital Co-CIO. “The space is changing and it is becoming increasingly imperative that all groups, especially those in blockchain, be proactive in reporting and reducing their carbon footprint, with greater potential for regulation and rules to There are other benefits such as potential access to green finance and making the use of clean energy solutions a tool for better financing We want to make sure that these miners and traders have access to the appropriate products.
“We are thrilled to partner with BlockFills to bring these sustainability products to the Bitcoin mining industry. BlockFills has been a leader in the field for a variety of initiatives, from hardware financing to balance sheet risk management, they are an obvious choice to lead. We hope our partnership and our offerings will be a tool for miners as the Bitcoin network moves forward in its sustainability efforts,” said Nasser Mohsin, Isla Verde Capital Co-CIO.
“Since its inception, BlockFills has been a thought leader in serving the Bitcoin mining community; from providing black-spot liquidity and USD loans to cover operating expenses, to financing mining. equipment and block rewards risk management. Continuing our efforts to better serve Bitcoin miners and the broader crypto industry, BlockFills is proud to partner with Isla Verde Capital to offer access to market and education about carbon offset and renewable energy credit products, noise about the carbon intensity of Bitcoin Mining, and be well positioned for a future centered on environmental awareness and sustainability initiatives,” said John Divine of BlockFills.
Based in Chicago and founded in 2018, BlockFills is one of the world’s fastest growing crypto liquidity and technology providers. Their digital asset technology already serves more than 800 institutional clients in 50 countries.
About Fill Blocks
BlockFills is a disruptive financial technology company dedicated to providing end-to-end solutions for players in the global cryptocurrency market. The company has successfully built and deployed a state-of-the-art multi-asset technology platform that has solved major liquidity fragmentation issues in the market. The platform provides price discovery, price aggregation, electronic order matching, smart order routing and trade matching solutions for institutions in the digital spot, derivatives and derivatives markets. loans. Additionally, BlockFills provides software-as-a-service (SaaS) solutions, designed to simplify all aspects of the business lifecycle for industry institutions.
About Isla Verde Capital
Isla Verde Capital is a fund that began operating in 2021 with its founding partners combining over 25 years of experience in the renewable energy and fuel markets. IVC has a global network of renewable energy project developers and operators, carbon offset project developers and sustainability consultants. Through these relationships, they provide their business partners with a wide range of environmental attributes to achieve their sustainability goals while providing investors with access to the growing environmental market space with an experienced management team.
DISCLOSURE OF RISKS AND IMPORTANT INFORMATION
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation would be unlawful, and there will be no sale of securities in any jurisdiction in which any such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Any investment is subject to risk, including the possible loss of all money invested. As with any investment strategy, there is no guarantee that the investment objectives will be achieved and investors may lose money. Diversification does not guarantee a profit or protect against loss in a declining market. Past performance is not indicative of future results.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220913005216/en/
Media contact for BlockFills:
Michael Grimm, Reputation Partners
Contact for Isla Verde Capital: