The Sacramento Kings Are Mining Ethereum

The Sacramento Kings are set to become the first professional sports team to mine cryptocurrency — specifically, Ethereum — for charity.

‘Pioneers in exploring cryptocurrency and its potential impact’

Yesterday, the Sacramento Kings, a professional basketball team playing in the NBA, announced a new charitable program called MiningForGood. The Vivek Ranadivé-owned team will now install cryptocurrency mining equipment in the Golden 1 Center — marking the first Tier 4 data center ever built in a professional sports arena. The Kings will also become the first professional sports team in the world to mine cryptocurrency.

The MiningForGood is part of a multi-year scholarship program aimed at supporting Sacramento-based causes focused on transforming Black communities in Sacramento. As noted by the Kings’ official website, “As cryptocurrency continues to grow in popularity, the MiningForGood program can serve as a blueprint for large organizations and businesses to embrace emerging platforms as an engine for social change.”

Ranadivé, Owner and Chairman of the Kings, stated:

Opportunity begins when technology allows the world to find innovative solutions to complex problems. Through MiningForGood, not only will we raise funds to help with workforce development and training, we aim to inspire the next generation of tinkerers and thinkers to create change in their own community and around the globe.

The Kings will utilize Imperium model machines from MiningForGood-partner, which will mine Ethereum, the second largest cryptocurrency by market capitalization…

Read Full: The Sacramento Kings Are Mining Ethereum