Sacramento Kings Become The First Sports Team To Mine Cryptocurrency

  • NBA team Sacramento Kings have partnered with cryptocurrency mining company to mine digital currency, Ethereum


  • The charitable program, MiningForGood was announced by the US sports team, which will use emerging technology and drive social change by supporting Sacramento based causes and laying the foundation for a multi-year scholarship fund 


  • “Opportunity begins when technology allows the world to find innovative solutions to complex problems,” said Sacramento Kings Owner and Chairman Vivek Ranadivé. “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”


  • It is not the first time the NBA team has embraced cryptocurrency, the team also became the first professional sports team to accept Bitcoin in 2014


  • The Kings were named the “most innovative company in sports” by Fast Company and “Most Tech Savvy Team of 2016” by Sport Techie.

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