The U.S. Federal Energy Regulatory Commission (FERC) has approved a project to transform a Montana power plant over 110 years old into a cryptocurrency mining center.
Officials noted that a power plant called Old Rainbow has historical value and played a major role in the development of the Montana railways and the development of the mineral industry in the early 20th century. The power plant takes energy from the Missouri River. In 2009, in connection with the plans to build a new power plant, it was decided to redesign Old Rainbow or completely demolish it. She stopped activity in 2013.
The building will be transferred to California-based Susteen for cryptocurrency mining. The project notes that for this purpose it will not be necessary to demolish the walls or significantly reconstruct the object, which means that the historical value of Old Rainbow will be preserved. For the same purpose, the engine room, control room and the building environment will be preserved in the former power plant.
“The proposed data center is supported by the local committee on the new use of the power plant and will preserve the historical appearance of the building,” the document says.
Interestingly, Susteen almost did not work in the blockchain and cryptocurrency industry and only recently drew attention to these industries. It is also not yet known which cryptocurrencies will be mined in the future center, as well as the capacity of the equipment.
Most recently, cryptocurrency mining equipment manufacturer Bitmain has completed
construction of a large mining center in Rockdale, Texas. The power of the center will reach 50 MW.
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