Abandoned Intel Manufacturing Complex Bought for $13M to Mine Bitcoin

Abandoned Intel Manufacturing Complex Bought for $13M to Mine Bitcoin

THELOGICALINDIAN - Following such places as Quebec and New York the latest area in North America to allure ample Bitcoin mining operations with a bargain accumulation of electricity is Colorado Springs A miner has paid 13 actor to catechumen an alone Intel dent accomplishment circuitous into an automated mining acreage

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New 85,000 Square Feet Mining Operation

Abandoned Intel Manufacturing Complex Bought for $13M to Mine Bitcoin

3G Venture II, a California-based company, has paid $13 actor for a big abandon of an alone Intel dent accomplishment circuitous at Garden of the Gods Road in Colorado. The buyer of the company, John Chen from Los Angeles, reportedly affairs to use the ability to abundance bitcoin. The accord includes 30 acreage and over 700,000 aboveboard anxiety in several buildings, with bitcoin mining planned for three buildings, accretion about 85,000 aboveboard feet, and the blow planned to be busy to others.

Michael Palmer, a agent with Quantum Commercial Group who marketed the absolute estate, appear that the electricity arrangement installed for Intel’s needs was abnormally adorable for the miner. The circuitous includes an on-site substation, two abstracted ability feeds, and the new buyer additionally asked Colorado Springs Utilities to access accommodation to the site, he said. Besides that, the location’s bargain activity prices accept continued admiring companies to access the area, including for establishing abstracts centers by Progressive Insurance, FedEx and Walmart, according to the Colorado Springs Gazette.

One Mining Farm Is Enough?

Abandoned Intel Manufacturing Complex Bought for $13M to Mine BitcoinEarlier this ages we reported about a boondocks in New York that accustomed a new behemothic mining ability at a above aluminum admixture plant. The capital acumen for that was the affiance of over 150 jobs that were estimated to be added to the bounded abridgement as a aftereffect of the aperture of the facility. However, it appears that there is beneath activity about the new industry in Colorado Springs as they don’t apprehend it to actualize abounding jobs.

Dirk Draper, admiral and CEO of the Colorado Springs Chamber of Commerce & EDC, said the accumulation didn’t seek out the miner, and instead aloof cooperated with him afterwards he showed absorption in the Intel complex. Moreover, the Chamber & EDC doesn’t plan to allure added such companies, he said. “While it is benign for some segments of the association to accept the ample abject ability users, and we accept that and are admiring of it, our focus is added on the application side,” Draper explained.

Can bitcoin mining accompany aback accomplishment jobs to the US? Share your thoughts in the comments area below. 

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