DPW Holdings will recover a power plant for mining
The American company will use an abandoned space that is located in Valatie Falls, New York
The California-based company DPW Holdings announced that it will restart the Valatie Falls New York hydroelectric power plant, with the objective of supplying power to a cryptocurrency mining farm.
The facilities will work with electricity at low production cost, as well as transportation. Additionally, it will work under ideal climatic conditions for cooling the equipments.
The announcement indicated that the company plans to use its own hardware for mining; it is an ASIC device that has a set of 10-nanometer chips from Samsung and Innosilicon.
“This project has provided us with a unique opportunity for DPW’s subsidiaries to collaborate and innovate to create a new crypto-mining model, for which electricity is by far the factor with the highest operational cost,” explained Milton Ault III, director of DPW Holdings.
The American company is dedicated to investments in sectors that could have a strong global impact such as communications, health, hotels, textiles, defense and aerospace technology.
K. Tovar
Source: DPW Holdings
Receive this and all our information directly on your cell phone through our channel on Telegram:https://t.me/BitFinanceNews
