Digihost Acquires Controversial Power Plant Despite Legal Challenge
Key Points: Digihost announced that it expects to close the Fortistar natural-gas facility on Erie Avenue by the end of the month.
The transaction has been approved by both the Federal Energy Regulatory Commission and New York Public Service Commission.
The 60-megawatt facility will power Digihost’s mining operation, which was already set up on a nearby land.
The Bitcoin mining company Digihost said it had completed the purchase of a natural-gas power facility in North Tonawanda. This was two years after first declaring its intention. In March 2021, the business announced that it would pay $4.25m in equity and cash. The business announced in March 2021 that it would pay $4.25 million in equity and cash. The 60-megawatt facility will power Digihost’s mining operation, which is already located on a nearby land. According to Digihost’s release, the Tonawanda operation will more than double Digihost’s overall capacity. According to the company’s release, the Tonawanda operation would more than double Digihost’s overall capacity. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuHaroldCoincu NewsTags: #BitcoincryptoDigihostMichel Amar