North Vancouver is Turning Massive Bitcoin Mining Heat Sink into Efficient Energy

North Vancouver is Turning Massive Bitcoin Mining Heat Sink into Efficient Energy

  • Community
  • Environment
October 21, 2021

Crypto Currency Mining requires large quantities of computer operating 24/7 for 365 days a year. The large amount of energy it consumes, and heat generated from hundreds of CPU and Graphic card is insane. It needs an extensive cooling mechanism to keep the mining factory running all the time.

The City of North Vancouver owned Lonsdale Energy Corporation (LEC) has reached a deal with MintGreen, a clean tech crypto mining company, to use recovered heat electricity from bitcoin mining to help heat nearly 100 residential and commercial building that is connected to the district energy utility.

The company’s digital boilers recovered over 96% of the electricity used for bitcoin mining in the form of heat energy that can be re-used. This greatly reduce the amount of electricity wasted in this sector and this method of energy recovery should be implemented for all the crypto currency mining factory. It helps owner save on their electricity bill and protects the environment.

The use of low-carbon heat source (LEC) will begin in 2022 and it expects to reduce 20,000 tonnes of greenhouse gas emission. There is already 7.47 million sqft area depends on LEC for heating needs. That translates to 6,500 homes, a 106-room hotel, many offices, and commercial retail outlet. This shows how much energy was consumed in the mining process and the importance of reusing the energy.

Crypto mining has been a lucrative business since the introduction of bitcoin and continues to grow as the valuation of these currency increases. If the project is successful and expanded globally this could be game changer for our environment.

Yoyoe Lu

Founder and managing principal

Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

Ashley Osborn

Development Site and Investment Specialist

Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

Patricia Wong Chong

Investment and Leasing Specialist

Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

Schumann Li

Land Assembly & Residential Specialist

Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

Wendy Kaip

Sales Associate

Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

Simon Chan

Managing Broker

Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

Frank Zhou


As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.