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.
Historic Hydroelectric Dam to Power Crypto Mining Farm in US
Alex Dovbnya
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
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