Compass Mining has partnered with Synota’s Impact Mining initiative to use Bitcoin mining revenue for subsidizing energy costs in Nigeria. This innovative approach targets healthcare and educational sectors in underserved areas.
The initiatives funded by mining resources include aiding Olobiri Hospital and the village of Ozuzu in reducing energy costs, which enhances healthcare services and boosts local economic activity.
The partnership emphasizes the potential of Bitcoin mining to create significant social benefits, with plans to expand the program and allow global miners to contribute through hashrate donations, potentially receiving tax benefits.
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