Still growing — Armenian mining operator increases power plant capacity
As cryptocurrency mining operators look for new locations, an Armenian firm has added an additional 60MW cloud hosting facility based at a local power plant. The establishment of free economic zones that foster blockchain and cryptocurrency adoption in Armenia is bearing fruit as a local mining operator adds 60MW of capacity to its power plant-based facility.Cryptocurrency investment platform ECOS has been operating a mining center on the grounds of the Hrazdan Power Plant since 2018. Situated in the country's center, the utility is becoming an innovation hub that is taking advantage of....
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