Coin Citadel (CCTL)

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More bad news for CCTL! The new mining farm cost $65 million - CCTL is bringing kool-aid to a adult party.

A New York Power Plant Is Mining $50K Worth of Bitcoin a Day

An upstate New York power plant has been using some of its own electricity to mine bitcoin on an industrial scale.

Greenidge Generation, a natural gas power plant near the town of Dresden in the Finger Lakes region, has successfully installed a new $65 million mining farm in its facility. Comprised of nearly 7,000 mining rigs and powered by electricity generated on-site, the facility can mine an average of 5.5 bitcoins every day, roughly $50,000 according to CoinDesk's Bitcoin Price Index.

Greenidge uses its own "behind the meter" power, the generated electricity it uses itself at the basic cost of production. Kevin Zhang, director of Greenidge's blockchain strategies, said in a statement that the new initiative would provide potential investors with unique exposure to both the cryptocurrency and energy markets.

https://www.coindesk.com/a-new-york-power-plant-is-mining-50k-worth-of-bitcoin-a-day

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