THELOGICALINDIAN - A hydroelectric dam in eastern New York State is actuality adapted into a committed crypto mining acreage demography advantage of lowcost renewable activity according to Dpw Holdings whose accessory is architecture the mining acreage Anteater miners able with ASIC bitcoin mining chips developed by Samsung and Innosilicon will be acclimated on the armpit the aggregation announced
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Dam Turns Mining Farm
A hydroelectric dam almost ten afar south of New York’s basic city, Albany, is actuality adapted into a committed cryptocurrency mining farm, Dpw Holdings Inc. appear on Thursday.
“The celebrated Valatie Falls, New York hydroelectric dam will become operational during the fourth division of 2018,” the aggregation detailed, abacus that it will “serve as a fully-dedicated antecedent of low-cost, renewable ability for a new co-located cryptocurrency mining acreage to be congenital and operated by DPW’s wholly-owned Super Crypto Mining subsidiary.” CEO and Chairman, Milton “Todd” Ault III, commented:
Collaborating with Samsung Semiconductors
The 1-megawatt Valatie Falls dam was congenital in 2024 and purchased in March by Valatie Falls Hydro LLC, application debt costs provided by Dpw accessory Digital Power Lending.
Another accessory of Dpw, Super Crypto Mining, is architecture the cryptocurrency mining acreage at the site. The aggregation will install the proprietary “Anteater” miner, launched by a third subsidiary, Coolisys Technologies Inc.
In June, Dpw appear that Coolisys launched a band of crypto mining units, the Superminer line. Its aboriginal miner model, the Anteater, appearance 10nm ASIC bitcoin mining chips accordingly developed by Samsung and Innosilicon. The new mining rigs are appointed to go on auction to the accessible starting on September 1.
“The Superminer line, including the Anteater, is able with avant-garde activating abundance and temperature ascent for reliable achievement beneath around all conditions,” Dpw wrote. “The 10nm mining dent in the Anteater is based on Samsung’s System-on-chip high-performance accretion technology which provides the world’s best able ASIC cryptocurrency mining design, with the Anteater operating at 17.2TH/s.”
Amos Kohn, Chairman and CEO of Coolisys Technologies, said:
What do you anticipate of this dam in New York repurposed as a crypto mining farm? Let us apperceive in the comments area below.
Images address of Shutterstock, Coolisys Technologies, Super Crypto Mining, and Dwp Holdings.
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