Argo Blockchain confirmed on Friday that it has signed a crypto climate accord (CCA), alongside DMG Blockchain, in an effort to push forward decarbonisation of the crypto industry. The bitcoin mining firm announced its plans to implement new technologies aimed at fostering transparency over the renewable energy sourcing of mining procedures.

The CCA, a private sector-led initiative with 40 signatories including 20 prominent cryptocurrency companies, has outlined its objectives as part of its effort to decarbonise the global cryptocurrency industry and transition the sector to net-zero greenhouse gas emissions by 2040.