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TORONTO, ON / ACCESSWIRE / September 19, 2024 / Sparta Group (TSXV:SAY) (the "Corporation" the "Company", "Sparta Group", "Sparta Capital", "SAY.V" or "Sparta") is proud to report that under its Environment division, its e-waste recycling operation, ERS International, has secured carbon credit generation business from close to 50 percent of the world's top eleven bitcoin miners.
Bitcoin mining uses special computers to solve intricate puzzles around the clock to validate transactions and then earn bitcoin. All that computing power uses up a lot of energy. While many bitcoin miners have taken steps to lower their carbon footprint, including turning to technological innovations, many can't quite reach their emissions reduction goals. This is where ERS comes in. ERS recycles electronic waste on an industrial scale, and since the Company can generate verified carbon credits from recycling, this means they are a good choice for bitcoin miners determined to offset their carbon footprint.
"By utilizing internationally recognized methodologies, we can generate carbon credits through our comprehensive electronics recycling and reuse processes. This accomplishment not only highlights our commitment to sustainability but also demonstrates the tangible benefits that our partners can achieve by working with ERS," said ERS Director of Global Business Development, Joseph Cimorelli.
A significant amount of work went into the planning and the launch of the carbon credit program at ERS, including the auditing and verification of the process used to generate carbon credits. ERS works under the guidelines of ISO 14064 standard. Management stress that the ERS carbon credit program can apply to businesses in almost any industry sector, not just bitcoin mining
One carbon credit represents the emission of one tonne of carbon dioxide or the equivalent of other greenhouse gases. This is why it is referred to as carbon offsets. The price for one tonne of carbon is $80 per tonne today. That number will jump to $95 per tonne next year.
"It has taken some time to get the word out about the carbon credit program at ERS. We are very proud to see that it is gaining interest from so many companies determined to reduce their carbon footprint. Joseph and the team at ERS are doing a tremendous job," said Sparta President, Tony Peticca.
ERS has served businesses in a vast array of industry sectors, including retail, technology, automotive, financial, healthcare, communications, law enforcement, electrical, engineering, manufacturing, as well as educational institutions and government agencies.
About Sparta
Sparta Group (a.k.a. Sparta Capital Ltd.) is a technology-based company focused on integrating emerging technologies. It operates with a decentralized business model, with each active business functioning as a separate subsidiary. Sparta's business entities fall into three different divisions: Environment: ERS International, is a waste management operation with its state-of-the-art, proprietary e-waste processing technologies. ERS is dedicated to continuous innovation, as well as increased sustainability and security for both the company and its customers. It offers a unique carbon credit program and has attracted significant attention from companies that deal with big data and the need to reduce carbon footprint. ERS has operations in Canada, the Middle East and South America. Health: Sparta Health Corporation is a vertical harnessing the power of Artificial Intelligence (AI), Machine Learning (ML), and Augmented Reality (AR), to develop technologies that enhance personalized patient care and improve treatment outcomes. Transportation: TruckSuite™, is a comprehensive suite of products and services designed to keep trucks operational and drivers competitive. TruckSuite management believes their offerings can play a pivotal role in enhancing the logistics and transportation industry.
Sparta is a publicly traded company listed on the TSX Venture Exchange Inc. under the symbol "SAY" (TSX.V: SAY). Additional information is available at www.spartagroup.ca or on SEDAR at www.sedar.com.
For more information contact:
Tony Peticca, President
Email : [email protected]
Telephone : 416-648-6506
This above may contain "forward-looking information" within the meaning of applicable securities laws. When used in this address, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, readers are cautioned to not place undue reliance on forward-looking information because the Corporation can give no assurance that they will prove to be correct. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date of publication of this information and the Corporation undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Furthermore, the Corporation undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Corporation. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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SOURCE: Sparta Group