DPW Holdings, a US publicly traded diversified company, will repurpose the hydroelectric dam in Valatie Falls, in upstate New York, to power a cryptocurrency mining farm to be built on the same site.
According to a statement from DPW Holdings, the dam is expected to become fully operational in the last quarter of this year and will provide low-cost renewable power for the crypto mining farm. It will be built and operated by DPW’s fully-owned subsidiary Super Crypto Mining.
The mining facility will use DPW’s proprietary AntEater miner, which was developed in early 2018 in cooperation with Samsung (KS:005930) Semiconductors.
“Our successful repurposing of Valatie Falls dam to provide clean, low-cost, renewabl...
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