The Chamber of Digital Commerce, an advocacy organization for digital innovation and Bitcoin, has introduced a new initiative called the Digital Power Network.
The Digital Power Network’s main goal is to support Bitcoin mining and promote effective energy policies, with the aim of revolutionizing energy markets through Bitcoin. The central belief behind this endeavor is that Bitcoin mining can incentivize investments in renewable energy and improve grid stability.
Comprising industry leaders such as Argo, BitDigital, BitFarms, Coinmint, Cipher Mining, DigitHost, Hive, Marathon, Riot, Sustainable Bitcoin Protocol, and Terawulf, this consortium represents over 50% of the U.S. Bitcoin hash rate and seeks to reshape the energy landscape while shaping the future of energy policy in Washington.
“We are pleased to introduce our first affiliate organization, the Digital Power Network,” said Perianne Boring, Founder and CEO of The Chamber of Digital Commerce. “Digital asset mining is fundamentally an energy and national security issue, and we firmly believe that Bitcoin will drive policies that bring together all political stakeholders to advance this crucial industry in the United States.”
The Digital Power Network aims to achieve real policy change in Washington through advocacy, partnerships, and education. According to a spokesperson for the Digital Power Network, their objective is to “establish a strong alliance consisting of policymakers, regulators, media influencers, and economic stakeholders.”
Working together, they will collaborate with policymakers to enact policies that have a tangible impact on Bitcoin miners.
Riot CEO Jason Les emphasized the transformative potential of this initiative in advancing beneficial Bitcoin mining policies in the United States, stating, “At its core, Bitcoin mining converts stranded, low-cost energy into a valuable commodity, which is why our industry has tremendous potential.”
The Chamber of Digital Commerce aims to drive the conversation in digital energy advocacy and policy transformation with this initiative. Marathon CEO Fred Thiel also emphasized the importance of the Digital Power Network, stating, “Having a voice like the Digital Power Network in Washington is important for ensuring that the perspectives of digital energy stakeholders are taken into account.”
The Digital Power Network aims to position the United States as a leader in the digital energy revolution, aligning economic growth with environmental sustainability.
The initiative has already made an impact on the policy front, notably by pioneering the introduction of the first pro-proof-of-work resolution in the U.S. House of Representatives.