Sustainable Bitcoin Protocol

The company's core product, the Sustainable Bitcoin Certificate (SBC), is a blockchain-issued fungible asset generated one-for-one for each bitcoin a certified miner produces using audited renewable or clean energy. Miners seeking SBC issuance undergo independent third-party energy audits; upon passing, they are listed on SBP's Verified Green Miner registry. Certified miners can then sell their SBCs separately from the underlying bitcoin, capturing an incremental revenue stream priced on the clean-energy cost differential. In the protocol's inaugural February 2023 transaction, CleanSpark sold SBCs to Melanion Digital at $980 per certificate, a price derived from the additional per-bitcoin cost of clean-energy sourcing. Memoranda of understanding have been signed with CleanSpark, Luxxfolio, and BitDeer.

In April 2023, Sustainable Bitcoin Protocol expanded its certification methodology beyond renewables to include waste-gas operations, launching a pilot with Crusoe Energy to certify the environmental impact of Crusoe's Digital Flare Mitigation® technology, which converts oil-field flare gas into electricity for bitcoin mining and thereby avoids methane venting. Crusoe reported capturing over 4 billion cubic feet of gas in 2022, avoiding approximately 509,000 metric tons of CO₂-equivalent emissions. SBP awards one SBC per bitcoin Crusoe mines at its audited sites. In March 2024, hydropower-focused green data center operator Digital Power Optimization (DPO) completed an SBC sale to blockchain investment firm Acacia Digital, the most recent publicly disclosed end-to-end SBC transaction on the protocol.

The addressable market rationale is structural: SBP's published research cites bitcoin mining at approximately 120, 150 TWh of annual electricity consumption and identifies an estimated $15, 16 trillion in institutionally managed capital (pension funds, sovereign wealth vehicles, licensed asset managers) currently unable to access bitcoin mining exposure without auditable energy provenance data that meets regulatory or ESG mandates. SBP positions its standardized attestation layer as that compliance bridge, issuing SBCs as separately tradeable assets that do not disrupt bitcoin's fungibility.

Bradford van Voorhees (CEO) and Matthew Twomey (Head of Institutional Adoption) co-founded the company, which has raised approximately $1.95 million from eight investors including Hub71+ Digital Assets, Token Bay Capital, Bitcoin Frontier Fund, BitDeer, and BlackPine Group. SBP joined Abu Dhabi's Hub71 startup ecosystem, extending its institutional footprint into the UAE and MENA region under the Abu Dhabi Global Market (ADGM) regulatory framework. Institutional SBC buyers on record include Melanion Digital, Acacia Digital, and Crescent City Capital, with the protocol actively pursuing further adoption as ESG disclosure requirements tighten across North American, European, and Gulf regulatory jurisdictions.