Spanish blockchain company CryptosolarTech has launched an initial coin offering ( ICO ) to raise $52.7m ( €42.8m ) in funding for a virtual currency mining centre in Malaga , southern Spain . The new facility will be powered by 10 solar plants with a total capacity of 10 MW. CryptosolarTech has signed a 15-year power purchase agreement with local provider Respira Energía . The project, expected to be finalized by April 2019, is being planned by Spanish blockchain platform, CryptosolarTech. The ICO is set to end on July 14 , after which the company will begin seeking regulatory and environmental approvals, as well as acquiring buildings and land.
Spanish blockchain company CryptosolarTech has launched an initial coin offering ( ICO ) to raise $52.7m ( €42.8m ) in funding for a virtual currency mining centre in Malaga , southern Spain . The new facility will be powered by 10 solar plants with a total capacity of 10 MW. CryptosolarTech has signed a 15-year power purchase agreement with local provider Respira Energía . The ICO is set to end on July 14 , after which the company will begin seeking regulatory and environmental approvals, as well as acquiring buildings and land.