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14MW – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Fri, 10 Apr 2020 14:30:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png 14MW – DIGIT INFO https://www.digit.info 32 32 Bitcoin Going Industrial: New York-Based Natural Gas Provider Sells Fully Compliant ‘Hashpower Contract’ https://www.digit.info/bitcoin-going-industrial-new-york-based-natural-gas-provider-sells-fully-compliant-hashpower-contract/ Fri, 10 Apr 2020 14:30:03 +0000 https://www.digit.info/2020/04/10/bitcoin-going-industrial-new-york-based-natural-gas-provider-sells-fully-compliant-hashpower-contract/ Read more]]>

During the first week of March, news.Bitcoin.com reported on a $65 million investment into the ‘behind-the-meter’ bitcoin mining operation, Greenidge Generation LLC in Dresden, New York. The Greenidge plant operates 7,000 bitcoin miners and on April 8, the firm revealed the sale of 106 petahash of hashpower to an undisclosed buyer. The purchase is considered […]

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]]> $65M Investment Fuels Natural Gas Provider’s ‘Behind-the-Meter’ Bitcoin Mining Operation https://www.digit.info/65m-investment-fuels-natural-gas-providers-behind-the-meter-bitcoin-mining-operation/ Thu, 05 Mar 2020 18:49:52 +0000 https://www.digit.info/2020/03/05/65m-investment-fuels-natural-gas-providers-behind-the-meter-bitcoin-mining-operation/ Read more]]>

$65M Investment Fuels Natural Gas Provider’s ‘Behind-the-Meter’ Bitcoin Mining OperationOn Thursday, a natural gas-based power plant in Dresden, New York, Greenidge Generation LLC, revealed the energy provider has the capacity to mine around $50,000 worth of bitcoins (5.5 BTC) every day. The 65,000 square-foot natural gas utility plant was upgraded when the firm installed 7,000 bitcoin miners that leverage some of the cheapest natural […]

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