Cloud mining service Coinmint confirmed it would press ahead with opening a Bitcoin mining plant in an abandoned smokestack in Upstate New York, CNBC reports June 5.
The move, which authorities greenlighted in January, will see the company invest “up to $700 mln” in the project, which will repurpose the former 1300-acres-large Alcoa aluminium smelting plant by the end of 2019.
Operations will continue under the newly-formed subsidiary North Country Data Center Corporation, which began work this week, a press release confirmed.
For politicians in Massena, the nearest town to the Alcoa plant, the project conversely represents a boon to the local workforce, as it promises to create an extra 150 jobs.
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