Bitcoin Going Industrial: New York-Based Natural Gas Provider Sells Fully Compli

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Bitcoin Going Industrial: New York-Based Natural Gas Provider Sells Fully Compliant 'Hashpower Contract'

During the first week of March, news.Bitcoin.com reported on a $65 million investment into the ‘behind-the-meter’ bitcoin mining operation, Greenidge Generation LLC in Dresden, New York. The Greenidge plant operates 7,000 bitcoin miners and on April 8, the firm revealed the sale of 106 petahash of hashpower to an undisclosed buyer. The purchase is considered a watershed moment for bitcoin mining, as the institutional sale of hashpower indicates that mining operations are trending toward industrial solutions. See more for yourself here...