Sustainable Bitcoin Protocol
Unlocking bitcoin's potential and helping it become planet's most powerful climate-positive asset class.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
$1.5m | Seed | ||
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 33 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Sustainable Bitcoin Standard (SBS) is a pioneering startup focused on making Bitcoin mining more environmentally friendly. The company operates in the cryptocurrency and environmental sustainability markets, targeting both Bitcoin miners and institutional investors who are concerned about the environmental impact of Bitcoin mining.
SBS offers a certification process for Bitcoin miners who use clean energy sources, such as wind, solar, or hydroelectric power. Miners can apply to SBS to have their operations verified. Once verified, SBS issues a Sustainable Bitcoin Certificate (SBC) for each Bitcoin mined using green energy. These certificates are built as smart contracts on the Stacks blockchain, ensuring transparency and security.
For institutional investors, particularly those with Environmental, Social, and Governance (ESG) mandates, SBS provides a way to add Proof of Sustainable Mining to their Bitcoin holdings. This allows investors to make sustainability claims about their Bitcoin investments without affecting the fungibility (interchangeability) of the Bitcoin itself.
SBS makes money through the sale of these Sustainable Bitcoin Certificates. Miners can purchase SBCs directly from SBS, through the SBS platform, or via various exchanges. This business model not only incentivizes miners to adopt cleaner energy practices but also provides a valuable service to investors looking to meet their ESG goals.
In summary, Sustainable Bitcoin Standard bridges the gap between the cryptocurrency market and environmental sustainability, offering a verifiable way to ensure that Bitcoin is mined using clean energy. This innovative approach helps drive the sustainability of the Bitcoin network while providing a new revenue stream for both miners and SBS itself.
Keywords: Bitcoin, sustainability, clean energy, certification, ESG, institutional investors, smart contracts, Stacks blockchain, environmental impact, cryptocurrency.