Nuclear-powered bitcoin mining is coming to Ohio in December
Energy Harbor Corp, a US-based power generator, signed a 5-year partnership with Standard Power, a leading hosting provider, to use nuclear power and provide clean energy to Bitcoin mining centers.
The nuclear and fossil-fuel based power generator Energy Harbor Corp has partnered with bitcoin mining hosting provider Standard Power.
The bitcoin mining endeavor will commence in December of 2021. Standard Power will convert an abandoned paper mill in Coshocton, Ohio into a mining facility that uses energy from Energy Harbor’s nuclear power plants.
Maxim Serezhin, Standard Power’s Chief Executive Officer said:
“By partnering with Energy Harbor, we have proactively structured our hosting capabilities to ensure that 100% of the power associated with this facility is carbon-free.”
Nuclear power is indeed carbon-free. Rather than burning the high carbon capacity found in fossilized plants and animals, nuclear power plants split uranium atoms to turn steam-powered turbine generators for energy.
The U.S. Department of Energy states that a nuclear plant produces one gigawatt of energy on average, with the largest American nuclear power plant Palo Verde in Arizona producing 3.99 gigawatts.
Energy Harbor is a financially secure independent power producer and fully integrated retail energy provider focused on safe and best-in-class operations and financial performance. With its fleet of reliable generating resources, including substantial carbon-free generation, Energy Harbor is well positioned for long-term value creation and competitiveness in a low-carbon future and is focused on enabling a growing customer and stakeholder base to meet their environmental, social and sustainability goals.
Standard Power is a leading hosting provider for blockchain mining companies providing services from early 2019 with a pipeline of over 1,000MW of power capacity in development. Standard Power leverages its infrastructure management expertise to develop modular data centers that lead the industry in efficiency. As part of its Tier III+ data center designs, Standard Power focuses on technologies that support high performance computing and is one of the first to adopt liquid 2-phase immersion cooling technology. Standard Power has developed robust designs and systems to provide large scale blockchain mining infrastructure to its institutional partners.
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