Ohio turns Bitcoin green with nuclear energy deal

Ohio has launched itself headlong into reducing Bitcoin’s carbon footprint after signing a five-year deal with Bitcoin mining company Standard Power to provide a nuclear-powered mining centre.

The operation will be live from December 2021 and will produce so-called ‘green Bitcoins’.

Ohio has successfully bid to host the state-of-the-art facility in Coshocton in an effort to boost the number of tech jobs in the region.

Energy Harbor Corp is an independent power producer, fully integrated into the grid to provide sustainable and cost-effective energy.

The company hopes to position itself as a competitive provider in a low-carbon future, and says the possibility of carbon neutral and profitable crypto mining operations are at the heart of the project.

“We are focused on minimising the impact on the environment while driving a new clean energy future in our local Ohio economy,” said Energy Harbor president and chief executive officer, John Judge.

“This is another example of the value we provide to our customers and communities as we continue our growth strategy across all sales channels within our retail business.”

Standard Power is a leading blockchain mining specialist. Established in 2019, it handles power provision for numerous blockchain mining businesses, and has a pipeline power capacity of 1,000MW.

The company has spearheaded innovation in mining infrastructure and operational efficiencies, and became the first Bitcoin mining operator to utilise liquid 2-phase immersion cooling technology in its data centres.

Commenting on the project, Standard Power’s Chief Executive Officer – Maxim Serezhin, argued that the crypto mining industry has a responsibility to manifest an environmentally friendly future.

“Bitcoin blockchain mining centres are energy intensive, and we recognise our responsibility to build a more environmentally sustainable future,” he said.

“We selected Ohio because of its low electricity costs with availability of carbon-free sources of energy.

“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.”

Environmental impacts are at the core of the ongoing debate about the viability of mass mining operations, and forward-thinking projects and partnerships like the Coshocton facility plans are key to changing public perceptions and enabling widespread adoption.

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