Coinmint has agreed a 10-year lease on a 1,300-acre plot that was formerly home to Alcoa’s smelting operation in Canada, Massena. It will now be host to Coinmint’s planned $700m bitcoin mining operation. Tapping into the region’s cheap wind and hydro energy and promising to provide local jobs, Coinmint is targeting full capacity by the end of the year and the centre is expected to become the biggest of its kind globally.
Coinmint has agreed a 10-year lease on a 1,300-acre plot that was formerly home to Alcoa’s smelting operation in Massena, Canada. It will now be host to Coinmint’s planned $700m bitcoin mining operation. Tapping into the region’s cheap wind and hydro energy and promising to provide local jobs, Coinmint is targeting full capacity by the end of the year and the centre is expected to become the biggest of its kind globally.