California holding company DPW Holdings, announced plans to launch the historic Valati Falls platinum in New York for the needs of a mining farm in the 4th quarter of 2018.
This event shows the ability of the mining industry to invest in the development of the classical energy industry for the use cheap and renewable energy sources in the production of cryptocurrency, restoring and reorienting former production facilities at the proper technological level.
The abandoned dam is located in the Valati Falls area. The Mine Center, for which the HPP will become a source of electricity generation, will be launched in late 2018
The DPW Holdings mine farm will reportedly work on the basis of the AntEater mining equipment, which was developed by DPW Holdings in conjunction with Samsung, namely, a division specializing in the production of semiconductors Samsung Semiconductors.
The dam, which is put into operation, is an ancient hydroelectric structure with a capacity of 1 mW, which was built in 1983.
As the head and chairman of DPW Holdings emphasizes, the restoration of the Valatie Falls dam will enable the company to ensure the production of environmentally friendly and low-cost renewable energy for the under construction Super Crypto Mining Center.
It is worth noting that New York seeks to promote the growth of the mining industry in the state. The New York Public Service Commission (PSC) recently approved new electricity tariffs for the Department of Energy in Massen. The new provisions will help meet the “needs of wholesale customers in the field mining.”
Recall also that recently, the mining company Coinmint announced the launch of a large data center in an abandoned building located in the city of Massena, New York.