Historic Hydroelectric Dam to Power Crypto Mining Farm in US

  • Alex Dovbnya
    📰 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

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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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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