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Bitcoin Racing partners with Green Mining to drive bitcoin

Mar 2024 · 5 min read

Cover image for the article "Bitcoin Racing partners with Green Mining to drive bitcoin" – Company News

Bitcoin Racing partners with Green Mining to drive bitcoin adoption in the JCW MINI Challenge

The Bitcoin Racing Team proudly announces its partnership with Green Mining for the highly anticipated John Cooper Works MINI Challenge Series. Green Mining, renowned for its pioneering efforts in sustainable Bitcoin mining, brings a wealth of expertise and unwavering commitment to environmental responsibility to this exciting collaboration.

With over 16 million television viewers and over 400,000 fans, both parties intend to use this partnership to educate fans about Bitcoin and about Green Mining's co-mining model.

One of the most exciting attributes of this partnership is that both parties are committed to a long-term, green future. In the partnership contract between both organisations, a clause has been added that highlights how both parties will drive research and development to help the Bitcoin Racing Team reduce/offset its carbon emissions. The partner's long-term vision is to launch a fully electric and carbon-neutral championship.

The first step to positively impact the carbon footprint of the Bitcoin Racing team is to integrate Green Mining's Bitcoin Mango and thereby save CO2 emissions that are produced when fruit is dried in a classical drying oven! The Bitcoin Mango is "a snack that stands for environmental responsibility and innovation" which is dried using residual heat from their Bitcoin mining machines. The dried mangoes are a preservative-free snack, naturally filled with fibre and vitamins, offering a healthy energy lift to those enjoying this fruitful snack. The team is excited to provide driver Chris Mackenzie with these mangos before each race as rocket fuel to give him the energy to put the Bitcoin Racing car on pole.

The focus of the next steps of the partnership will largely be on education around Bitcoin, Bitcoin Mining, and the flaws of our current financial system: Why is Bitcoin important? How does Bitcoin work? What's the difference between Co-Mining and Hosted Mining? Follow both teams and don't miss any of the exciting content.

"I am extremely impressed by what the Bitcoin Racing team has achieved over the years and believe they have orange-pilled thousands of racing fans. These are the kind of projects Bitcoin needs to further go its way towards mass adoption.

We are absolutely thrilled to partner with Bitcoin Racing for the Mini Challenge Series," said Sascha Grumbach, CEO of Green Mining.

"It is exciting to combine the innovation power of two winning teams towards co-developing carbon-emission reduction and other sustainability solutions while jointly educating our followers on Bitcoin, decentralised business models and the co-mining approach to a Bitcoin-mining facility, all with a joint innovation and sustainability-driven mindset. To top it all, we are immensely proud to launch our new circular initiative, Bitcoin Mango, with the unrivalled Bitcoin Racing Team.”

Co-Team Principal Charlie Mackenzie from Bitcoin Racing said

  • "I am absolutely delighted to have Green Mining on board. I have always been interested in mining Bitcoin myself but have been prevented from doing so due to the expensive initial start-up costs and technical know-how. However, with Green Mining on our side, the Bitcoin Racing team is proudly mining Bitcoin without worrying about the technical requirements or depreciation of the mining machines, and the fact this is all done in an environmentally friendly way is the cherry (Mango) on top!"

As part of the partnership, Green Mining's branding will be prominently featured on the Bitcoin Racing Team race cars, driver / team uniforms and the Bitcoin Racing official website. Through collaborative initiatives, the partnership between Bitcoin Racing and Green Mining endeavours to make a positive impact on and off the racetrack, by promoting bitcoin adoption and highlighting the positive impact the digital currency can have on the global transition towards renewable energy from hydro, solar and wind sources.

About the Bitcoin Racing Team:

"Bitcoin Racing is a family-operated motorsport team that was adversely affected by the 2008 financial crisis. It was this experience that ignited their passion for Bitcoin, and since 2020, the family has been on a mission to spread awareness of Bitcoin to as many people as possible. The team has a five-year plan to advance to bigger and better championships year-on-year, with each successive leap reaching a larger audience whom they can educate about Bitcoin.

About Green Mining:

Green Mining is a co-ownership model for Bitcoin mining infrastructure, built and operated by GM Data Centers AG, a Swiss AG based in Zug. Its facility in Villarrica, Paraguay produces Bitcoin using 100% hydropower, with Bitmain S19j XP Hydro hardware and an energy cost of $0.028-0.057/kWh. In 2025, the operation produced 14.5 BTC at a production cost roughly 25-40% below the market average.

Under the co-mining model, the Bitcoin a facility produces is distributed to co-owners on a quarterly basis in the form of freshly mined BTC, in proportion to their fractionalized ownership. The figures above describe the 2025 operating year and are historical results, not a forecast. Past performance is not an indicator of future results. The information on this page is educational and does not constitute investment advice.

For more information about Green Mining and how co-mining works, please visit www.greenmining.io

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