Just read Construction of Morocco’s 36 Megawatt Bitcoin Mining Farm to Start in January 2019

Construction of Morocco’s 36 Megawatt Bitcoin Mining Farm to Start in January 2019

A Bitcoin mining company formed from a U.S. private equity firm plans to begin building a 36 megawatt farm in Morocco from January next year, Ars Technica reports Tuesday, September 18. Soluna, the product of New York-based Brookstone Partners, intends to leverage local laws by eventually selling at least 20 percent of its electricity output back to the Moroccan government. “Morocco has a law in place that effectively guarantees a PPA for energy providers,” he told the publication. “Depending on our future capacity, we may engage with the larger commercial offtaker in the country and beyond to purchase our power,” Belizaire continued. “This will require a change to law framework.”Morocco has positioned itself as one of the few jurisdictions worldwide to formally outlaw cryptocurrency payments.

Read the full article at cointelegraph

Wednesday, September 19, 2018