ATLAS TO ACCELERATE ITS GLOBAL EXPANSION AND SEES POSITIVE GROWTH OUTLOOK FOR BTC MINING INDUSTRY BEYOND 2022 - Seite 2

Sustainable future

Over the course of 2021 much was spoken about the impact that bitcoin and bitcoin mining are having on the environment. Whilst some of these myths have largely been debunked, there remains bad actors that try to take advantage of opportunities. Atlas believes it has a responsibility to lead the industry towards a more sustainable and positive future, and to be a ESG compliant company.

Atlas has been steadily increasing the usage of green energy among to power our global computing network and continue to explore alternatives and new technologies to increase the ratio of green energy in our overall energy consumption mix.

Its acceptance into the Blockchain Mining Council in late 2021, was a strong endorsement from our peers of the influence that we hold. With Texas as its home for US-based operations, the company has established a fruitful relationship with the Texas Blockchain Association and as a member of the Blockchain Association of Singapore Atlas is committed to working together with its peers around the world to improve the industry.

In 2022, Atlas plans to collaborate with a leading consulting firm and research institution, to build up a systematic and adaptive carbon footprint monitoring standard. A standard the company intends to share with the high-performance computing industry. Atlas upholds the belief in "tech for good" and will be making further ESG investments.

Atlas is planning to collaborate with leading research institution on cutting-edge cooling technology (i.e. immersion cooling), and server placement mechanisms. "We believe the outcomes of this collaboration can materially reduce the cost of related new cooling technology, and improve the technology's availability and feasibility. We have also initiated high-level discussions and remain open to engage prospective partners to explore advanced server placement mechanisms (i.e. sub-marine data centers). It is our ambition to setup the first sub-marine data center within two years."

Insights of Bitcoin Mining

1. In essence, BTC is a distributed computing network which can support more applications beyond only "mining" and "asset transfer" purposes

BTC is often considered to be a highly liquid asset or a "currency", but essentially it is a distributed computing network. As technology evolves, the underlying network of bitcoin can provide more than just computing services of "asset transfer". Its gigantic scale of computing power, robustness, and decentralized nature allow it to provide secure verification services for a wider range of applications. For example, there are many start-ups, working on establishing decentralized internet browsers, data storage applications on top of the computing network.