Fintech firm Mogo jumps on 'green' bitcoin launch
26/10/2021 13:53
** U.S.-listed shares of Canadian digital payments and
fintech co MOGO.O MOGO.TO up 7.2% at $5.64 premarket
** MOGO launched its "green" bitcoin on Tuesday, i.e. for
every bitcoin purchased through its platform, co says it will
plant enough trees to completely offset the CO2 emissions
produced by the bitcoin's mining urn:newsml:reuters.com:*:nBw6sgyywa
** Co finds that for each bitcoin mined as of yet, an
estimated 421,000 lbs of CO2 emissions are released into our
atmosphere
** "By launching 'green' bitcoin, we've made buying bitcoin
good for the planet and arguably one of the most ESG-oriented
investments anyone can make" - CEO David Feller
** All four analysts rate the stock "buy" or higher with a
median PT of $12.5 - Refinitiv data
** Through last close, stock rose 39.5% this year
(Reporting by Bansari Mayur Kamdar)
((BansariMayur.Kamdar@thomsonreuters.com;))