SkyBridge Acquires 38,500 Tons of Carbon Offsets
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SkyBridge Capital, a popular international investment firm, has just teamed up with carbon credit provider MOSS Earth to buy tokens representing 38,436 tons of carbon offsets.

The transaction, which was announced yesterday by SkyBridge, aims to help crypto mining become a fully renewable activity. In particular, the company's founder, Anthony Scaramucci, claims that Bitcoin mining "will be fully renewable by the end of the decade."

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However, until that happens, buying carbon offsets is an "effective" way for the sector to improve its ecological footprint.

Cryptocurrency mining has received a lot of attention recently as many have criticized the activity due to the consequences it has on the environment. As we know, Bitcoin mining involves the solving of complex mathematical problems by powerful computers that consume a large amount of energy.

Other companies have already purchased carbon offsets in the past, including FTX, Gemini and BitMEX exchanges.

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