F2Pool Secures $10M Deal for Solar-Powered Mining

F2Pool Secures $10M Deal for Solar-Powered Mining

F2Pool Secures $10M Deal for Solar-Powered Mining

F2Pool has inked a $10 million partnership with a UK solar energy firm to power its European mining servers, announced on March 17, 2025. The deal aims to cut energy costs and appeal to eco-conscious miners.

Sustainability Meets Mining

GreenMining News reports that F2Pool’s initiative could reduce electricity expenses by 15%. “This is about profitability and planet,” said F2Pool spokesperson Liam Chen.

“Miners want green options, and we’re delivering,” Chen added. “Expect fee reductions for solar-powered users by mid-2025.”

The move aligns with global pressure to make mining sustainable, especially as UK energy prices hover at 25p per kWh, squeezing miner margins.

Market Impact

Bitcoin, mined heavily on F2Pool, trades at $88,500 as of March 19, 2025, at 5:36 AM PDT, down 5% weekly. F2Pool’s green push has boosted its hashrate share by 2%, per industry trackers.

Hive OS Proposes Mining Tax Credits in UK

Hive OS has submitted a bold proposal to the UK government, suggesting tax credits for miners using renewable energy. Unveiled on March 16, 2025, the plan aims to incentivize sustainable mining practices.

A Policy Push for Miners

Hive OS CEO Mark Daniels told CryptoPolicy Digest, “We’re proposing a 10% tax break for miners on green energy.” The plan estimates a £50 million annual boost to the UK mining sector.

“It’s a win for miners and the environment,” Daniels said. “We’re in talks with regulators now.”

The proposal piggybacks on Hive OS’s renewable energy integrations, potentially lowering costs for its 500,000+ UK users managing rigs via its platform.

Market Context

As of March 19, 2025, at 5:36 AM PDT, mining profitability for Ethereum Classic (ETC) on Hive OS is up 3%, with ETC at $25.10, reflecting a 1.8% daily gain.

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