Standard Power Nuclear Bitcoin Mining

Independent power producer Energy Harbor has announced that it will provide clean nuclear energy to infrastructure-as-a-service firm Standard Power’s new bitcoin mining facility in Ohio through a five-year partnership. Energy Harbor plans to begin powering the mining farm in December 2021.

“We are grateful that Standard Power has granted us the opportunity to serve them,” said John Judge, Energy Harbor president and CEO, in the announcement. “We are happy to partner with customers who are focused on minimizing their impact on the environment while driving a new clean energy future in our local Ohio economy.”

The collaboration will allow Standard Power, a hosting provider for bitcoin miners and other data processing companies, to turn an abandoned paper mill in Coshocton, Ohio, into a bitcoin mining facility. In addition, the company said it would be providing reliability and stability to the transmission grid by shutting down operations in periods of energy crisis.

“We selected Ohio because of its low electricity costs with availability of carbon-free sources of energy,” said Standard Power’s CEO Maxim Serezhin in the announcement. “By partnering with Energy Harbor, we have proactively structured our hosting capabilities to ensure that 100% of the power associated with this facility is carbon-free.”

Source