Blockchain startup builds a wind farm in the Sahara

Blockchain startup builds a wind farm in the Sahara


The company Soluna plans to build a 900 MW wind farm in the Moroccan city of Dakhla in Western Sahara to provide energy for its blockchain center, Reuters reported.

The blockchain company Soluna plans to begin work on the construction of a wind power plant in Western Sahara in 2019 and be completed within 5 years.

The company’s SAO John Belisar also said that the power plant will be connected to the national network of Morocco and will cost from 1.4 to 2.5 billion dollars.

The wind farm will be located on an area of  37,000 acres in one of the most windy places on earth, making the location ideal for energy-intensive enterprises as data centers.

The head of the company explained in an interview with Reuters that so far the company does not plan to sell cryptocurrency in Morocco because of the negative attitude of local authorities to this activity, but will provide computing power to companies from around the world.

In the future, the company will hold an investment round to involve institutional investors, but for now its activity is the American investment company Brookstone Partners.

The use of alternative energy sources for the blockchain industry is becoming more popular. This week, it became known that the Australian data center operator and its daughter cryptocurrency exchange company are developing the country’s first “off-network data center”, operating exclusively on renewable energy sources, and the Japanese manufacturer and supplier of electricity Kumamoto-Energy uses solar energy to produce cryptocurrency March 2018 year.

Leave a Comment

Your email address will not be published.

You may also like

Hot News