The three largest projects, named Sevilla II (31.8 MW), Jaen (10 MW) and Sevilla I (2.5 MW), will require an aggregate investment of over €41 million, thus accounting for almost all of the funds devoted to the solar projects. Spanish blockchain company CryptosolarTech has announced an initial coin offering ( ICO ) to raise € ##500 m ( $ 52.7 m ) 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 45 MW . CryptosolarTech has signed a 15-year power purchase agreement with local provider Respira Energía . The ICO is set to end on 14 September , after which the company will begin seeking regulatory and environmental approval , as well as acquiring buildings and land .
Spanish blockchain company CryptosolarTech has announced an initial coin offering ( ICO ) to raise € ##500 m ( $ 52.7 m ) 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 45 MW . CryptosolarTech has signed a 15-year power purchase agreement with local provider Respira Energía . The ICO is set to end on 14 September , after which the company will begin seeking regulatory and environmental approval , as well as acquiring buildings and land .