Fintech

Elon Musk has ‘no role’ in council of bitcoin miners

Tesla billionaire also not credited as founding member of Bitcoin Mining Council

Elon Musk's disparaging comments on bitcoin’s environmental impact caused the cryptocurrency’s price to fall significantly
Elon Musk's disparaging comments on bitcoin’s environmental impact caused the cryptocurrency’s price to fall significantly Photo: Getty Images

Tesla billionaire and cryptocurrency advocate Elon Musk is no longer involved with an industry group of bitcoin miners that he helped launch.

The Bitcoin Mining Council, formed of the leading mining groups in North America and other crypto supporters such as software firm MicroStrategy, said in a message on its newly-published website on 10 June that Musk has “no role” at the council.

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