Posted 12/14/2023, 6:50:42 PM
Hut 8 Buys 4 Canadian Power Plants to Boost Bitcoin Mining Capacity, Raising Environmental Concerns
- Canuck Crypto company Hut 8 bought 4 Canadian natural gas power plants to mine Bitcoin
- The purchase highlights miners' appetite to acquire decommissioned powerplants for crypto mining
- Hut 8 already has mining facilities in Canada, US, despite recent financial struggles
- Power plant acquisition will likely add to existing environmental concerns around crypto mining
- News comes after Hut 8 had to shut down a mining site in Ontario over an energy dispute