RATE Group | Can a Wind Farm Help Morocco Become the Next Bitcoin Mining Paradise?
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Can a Wind Farm Help Morocco Become the Next Bitcoin Mining Paradise?

28 Jul Can a Wind Farm Help Morocco Become the Next Bitcoin Mining Paradise?

Posted at 02:33h in Bitcoin News by

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A remote location in Morocco has become a strategic spot to build a 900-megawatt wind farm as bitcoin miners look for cheap electricity in order to set up their computing centers. The spot south of Marrakesh is likely to turn into a cryptocurrency mining hub as the ecosystem favors renewable energy rather than utility grids fed by traditional fuels like coal.

Company Looks to Raise $100 Million to Create a 900-Megawatt Wind Farm for Bitcoin Mining

Some of the world’s largest cryptocurrency mining companies have moved their operations to Canada, Georgia, and Iceland, in a quest for cheap electricity powered by renewable energy.

New York private equity firm Brookstone Partners announced it is eyeing a location wedged between the Sahara Desert and the Atlantic Ocean to develop a 900-megawatt wind farm which would likely attract a multitude of Bitcoin miners as well.

Brookstone Partners is currently raising cash to enter the first phase of the development project, managing general…

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