Work
Harvestt
Developer of Sustainable Bitcoin Protocol
Harvestt was founded to address a growing need within the Bitcoin ecosystem: credible infrastructure for verifying the energy inputs behind Bitcoin mining and enabling institutional investors to align Bitcoin holdings with energy transition objectives.
Through the development of the Sustainable Bitcoin Protocol (SBP), Harvestt built a technology and market framework that connects Bitcoin mining data, energy procurement, and capital markets.
The Problem
Bitcoin mining is one of the fastest-growing sources of global electricity demand. Historically, however, the infrastructure for verifying the energy sources behind that activity has been fragmented and opaque.
Institutional investors increasingly require credible mechanisms to understand how the Bitcoin they hold was produced. At the same time, mining operators and energy developers lack standardized tools to verify clean energy usage and translate that verification into financial value.
This disconnect between mining operations, energy markets, and capital markets has limited institutional participation in Bitcoin despite growing investor demand.
Infrastructure & Protocol Development
Harvestt developed the Sustainable Bitcoin Protocol (SBP) as a data and verification layer connecting Bitcoin mining activity with energy market inputs.
The SBP technology stack enables mining operators to provide:
- Bitcoin mining operational data
- Energy consumption data
- Verified ownership of clean energy attributes
This data is delivered through APIs that integrate with major mining pools and infrastructure providers.
Today SBP infrastructure supports:
- More than 24% of global Bitcoin hashrate
- Integration with nine of the largest Bitcoin mining pools
- Participation from public mining companies including CleanSpark, Bitfarms, and Bitdeer
- Sovereign-backed mining initiatives, including Zero Two owned by the Abu Dhabi sovereign wealth fund
The protocol provides a standardized framework for linking Bitcoin mining output with verifiable energy inputs.
The SBP Token
The SBP Token was designed as a financial instrument enabling Bitcoin holders to demonstrate that the Bitcoin in their portfolio has paid for the rights to clean energy at the mining level.
Unlike most digital tokens, the SBP Token was not designed as a speculative crypto asset. Instead, it functions as a market mechanism through which investors can secure verified clean energy procurement associated with Bitcoin mining.
The objective was to create a tool institutional investors could use to align Bitcoin exposure with internal energy and infrastructure mandates.
Market Infrastructure
To support price discovery and liquidity, SBP was selected as one of six companies globally to participate in Coinbase Project Diamond.
Through Project Diamond, Harvestt conducted auctions for SBP Tokens within the regulatory sandbox of the Abu Dhabi Global Market (ADGM) RegLab, part of the Hub71 ecosystem backed by Mubadala Investment Company.
This structure allowed institutional participants to engage with the asset under regulatory supervision while exploring new models for digital asset market formation.
Additional Development
Harvestt also began developing complementary infrastructure to extend the protocol's utility within institutional financial networks.
This includes clean wrapped Bitcoin (cwBTC), designed for interoperability with the Canton Network. The objective was to allow Bitcoin associated with verified clean energy procurement to move within regulated financial environments.
Institutional Engagement
The development of the Sustainable Bitcoin Protocol involved engagement with a broad set of stakeholders across the Bitcoin, energy, and capital markets sectors, including:
- Publicly listed mining companies
- Sovereign infrastructure investors
- Energy developers
- Digital asset platforms
- Institutional allocators evaluating Bitcoin exposure
Harvestt also participated in industry conferences and policy discussions addressing the evolution of Bitcoin mining, energy infrastructure, and large-scale data center development.
Lessons
Building infrastructure at the intersection of energy systems, digital assets, and capital markets requires navigating multiple emerging regulatory and technological environments simultaneously.
Several observations emerged from the development of SBP:
- Transparent data infrastructure is essential for institutional participation in Bitcoin markets.
- Energy verification frameworks will become increasingly important as mining scales globally.
- Bridging traditional capital markets with decentralized infrastructure requires both technical systems and credible governance structures.
The development of SBP provided practical insight into how new energy-linked financial instruments can emerge within rapidly evolving digital asset markets.
VF Corporation
Global Sustainability Leadership
Nine years leading global sustainability strategy across an international portfolio of consumer brands, overseeing environmental and social impact, as well as stakeholder reporting at enterprise scale.