Energy Harbor Corp, one of the largest generators of carbon free electricity in the US, has signed a partnership agreement with Standard Power to provide the cryptocurrency mining company in Ohio with carbon-free electricity from its nuclear-based power generator. Energy Harbor said in a press release it plans to start accepting the electricity for its mining facility in December 2021.
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"This groundbreaking climate-friendly agreement helps enable Standard Power to revitalize an abandoned Ohio paper mill into a state-of-the-art facility that brings new jobs to the region," the company added.
Maxim Serezhin, Standard Power CEO, said the company chose Ohio because of its low electricity costs with availability of carbon-free sources of energy. However, it remains unclear how much hashing power Standard Power plans to produce as part of the partnership.
Bitcoin has come under criticism for using massive energy in its mining process. This even led Tesla to stop accepting the cryptocurrency as a payment option.
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