Currency Economy

US miner raises $105M to recycle waste coal into crypto

Cryptocurrency31 minutes ago (Jun 22, 2021 10:40PM ET)1US miner raises $105M to recycle waste coal into crypto

US miner raises $105M to recycle waste coal into crypto

The Pennsylvania-based Stronghold Digital Mining has announced the completion of two private equity securities raises worth $105 million.

According to an announcement shared with Cointelegraph, the firm’s first power generation facility, the Scrubgrass Generation Plant in Venango County, converts waste coal into energy on a scale equivalent to “a large-scale hydropower plant” that is then used to mine Bitcoin and other cryptocurrencies.

Continue Reading on Coin TelegraphUS miner raises $105M to recycle waste coal into crypto1Comments (1)

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