Mining Company Confirms 700 Million Project in New York State

in #mining6 years ago

Le service de Cloud Mining Coinmint a confirmé qu’il continuerait à ouvrir sa ferme de minage Bitcoin dans une usine abandonnée de l’État de New York, rapporte CNBC le 5 juin.

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The project, which was approved by the authorities in January, will allow the company to invest "up to $ 700 million" in this gigantic project that will transform Alcoa's former aluminum plant by end of 2019.

Operations will continue under the new subsidiary North Country Data Center Corporation, which began work this week, confirmed a press release.

"As long as the Bitcoin network exists, we expect mining to be profitable," said Coinmint CEO Prieur Leary, quoted by CNBC, adding that the launch of the subsidiary "is a key step towards the full capacity of the company. Massena site. "

This year saw multiple plans to take advantage of the old infrastructure in the region - which offers cheap electricity - for Bitcoin mining purposes.

Not everyone agreed with local leaders, and projects in neighboring regions of Quebec provoked strong criticism of the impact on local economies.

"If you want to come here, hook up your servers and make bitcoin, we are not really interested," said Premier Philippe Couillard in March.

For the politicians in Massena, the city closest to the Alcoa plant, the project represents an advantage for the local workforce, because it promises to create 150 additional jobs.

"The idea of ​​150 jobs and the revitalization of Alcoa East is exciting," Massena Town's supervisor Steve O'Shaughnessy said in the press release.

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