RATE Group | NY Crypto Miner Turns Old Hydroelectric Dam into Bitcoin Mining Farm
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NY Crypto Miner Turns Old Hydroelectric Dam into Bitcoin Mining Farm

28 Aug NY Crypto Miner Turns Old Hydroelectric Dam into Bitcoin Mining Farm

Posted at 03:14h in Bitcoin News by

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bitcoin mining hydroelectric dam

DPW Holdings Inc. will use power generated by the Valatie Falls, New York hydroelectric dam for a bitcoin mining farm that is expected to become operational in the fourth quarter.

Valatie Falls Hydro LLC bought the 1-megawatt dam in March 2018 using debt financing from Digital Power Lending, a DPW subsidiary. DPW’s Super Crypto Mining subsidiary will establish a cryptocurrency mining farm at the site of the dam, using the company’s AntEater miner. The company developed the cryptocurrency mining device in partnership with Samsung Semiconductors this year.

Low-Cost, Renewable Energy

The hydroelectric dam, originally built in 1983, will produce low-cost, renewable electricity for the mining farm, which will become fully operational during the fourth quarter, DPW Holdings announced in a press release.

“Our successful repurposing of Valatie Falls dam to provide clean, low-cost, renewable power to Super Crypto’s future co-located mining farm is another important step in our…

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