Canada bitcoin miner gets two coal plants in Pennsylvania

Canada -based Crypto Mining Company has two coal -generating plants in Pennsylvania as part of its purchase of the digital mining group.

BitFarms Ltd. To buy Stronghold Digital Mining in a deal expected to be closed this month. Stronghold shareholders agreed to sell earlier this year. StrongHold has a waste capacity of 85 MW in Vinango County, and the brochure facility is 80 megawatts in Carbon Province.

BitFarms is expected to use electricity from coal stations to operate the intensive Bitcoin mining operations. BitFarms has already had a presence in Pennsylvania, where she bought a data center in Mercer Province last year.

The deal can also retain the value of BitFarms because it would enable the company to sell energy to wholesale markets in the PJM area. Officials who have PJM, the regional network operator, have expressed their concerns that there is sufficient energy to meet the increasing demand in their 13 -state land centers, new manufacturing factories and electrical initiatives. PJM and Pennsylvania Job. Josh Shapiro She recently settled a lawsuit for PJM market pricing. PJM admitted that a shortage of capacity could affect its system early in the year 2026/2027.

PJM need for power

More than 54 GB of power generation in PJM was retired from 2011 to 2023, according to a report issued by analyzes, market monitoring of the network operator. PJM officials also asked the operators of the power stations to delay the retirement Some of the facilities that provide Pasiloa’s strength.

PJM said in a recent presentation that many energy projects have link agreements with the network operator, but many facilities are not built due to local opposition or problems that secure equipment, financing or allowing issues.

Toronto, bleeding in Ontario, as part of the deal, said Bitcoin Pancher Kreik mining can be expanded to supply up to 955 megawatts of electricity by adding an additional transmission capacity.

General documents related to the BitFarms-StrongHold deal that Stronghold has been considering selling the company at least since 2021. The documents said more than ten groups looked at the purchase of a stronghold, but they did not want to purchase two energy factories.

Strategic sites

The documents showed that BitFarms was only interested in mining assets in Stronghold, offering $ 120 million to bitcoin workers ‘workers’ jobs. In the end, she increased her offer to buy the entire stronghold in a deal from all shares with the value of an institution of $ 175 million. “The state of Pennsylvania is a judicial mandate for business with a pro -bitcoin and darkening of energy. [Shapiro]”The company also noticed that Parrubgrass and Panther Creek power plants are close to the main urban areas and important fiber infrastructure to facilitate data transfer.

BitFarms said it expects to create data centers along with the current power plants, with electricity from plants that serve the database sites. The company also said that the current network connections on each site have “the possibility of multiplying Megoat available for mining operations.” BitFarms also wrote that he plans to provide its mining assets as a resource in response to the power network.

“Participating in these programs is the first step in a broader strategy of energy arbitration arbitration that we will develop in the coming months via our PJM portfolio,” Alex Bramer, the first vice president of global mining operations said in a statement.

–Daril Broutist It is a great editor of power.