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Historic Hydroelectric Dam to Power Crypto Mining Farm in US

  • Alex Morris
    📰 News

    DPW going to utilize the historic 1-MW Valatie Falls dam in order to provide cheap and renewable electricity for a cryptocurrency mining facility that is located nearby


Historic Hydroelectric Dam to Power Crypto Mining Farm in US
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DPW to utilize the historic 1-MW Valatie Falls dam in order to provide cheap and renewable electricity for a cryptocurrency mining facility that is located nearby.

DPW CEO Milton Ault claims that the Newport Beach-based holding company gives its subsidiaries a possibility to significantly reduce the energy consumption of cryptocurrency mining, which was one of the major concerns during the latest crypto-related hearing in US Congress, according to a recent U.Today report.

The hydroelectric dam is expected to be fully upgraded for mining purposes during the last quarter of 2018.
 


Cover image via u.today
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