TAAL Acquires 60,000 sq/ft Facility to Mine Bitcoin at an Industrial Scale
50-MW energy will power up to 2 Eh/s of mining capacity New Brunswick based facility will become TAAL’s cornerstone Bitcoin mining asset New Brunswick Power Corporation ("NB Power") supplies energy that is over 80% non-emitting, over 40% from renewables
Today, TAAL announced that it has signed a definitive share purchase agreement to acquire 100% of the shares of Chief Fuels. With this acquisition, TAAL adds significant Canadian clean energy resources to power up to 2 Eh/s of blockchain computers in New Brunswick, Canada.
Upon completion of this acquisition, TAAL will be the owner of a 60,000 sq/ft facility in Grand Falls, New Brunswick, and will partner with NB Power to build out 50 megawatts of power to supply a dedicated Bitcoin mining and transaction processing operation.
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