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. The company is also looking for an additional 10,000 square feet of office space and will be moving its headquarters from the company’s current location at 1 W. Main St. in downtown Pittsburgh into the new building. 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.