Cryptocurrency mining facility showcased at Sullivan County meeting

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SULLIVAN, Ind. (WTWO/WAWV) — A brand new cryptocurrency mining facility can be making its option to Sullivan County.

The venture is financed by Kentucky-based crypto pioneers known as About Bit. The corporate has teamed up with Win Vitality and Hoosier Vitality to deliver subsequent era jobs to Sullivan County.

Cryptocurrency mining services home hundreds of uniquely designed computer systems, that are designed to unravel mathematical equations on a relentless foundation. Crypto mining is a course of by which a machine performs sure duties to acquire a little bit of cryptocurrency.

The Sullivan County Council held a gathering Monday evening to showcase the corporate known as About Bit.

CEO of About Bit Stacy Griggs mentioned he’s glad they selected Sullivan County.

“We regarded throughout eight totally different states and this space was excellent. However what we didn’t know till we began working up right here we’re the folks,” Griggs mentioned. “And the those that we’re working with up right here have been simply great and actually strengthened our resolution to make this the house for our mining facility.”

The brand new cryptocurrency mining facility can be positioned adjoining to the producing station in Merom. Building of the information middle can be on the identical web site as the ability plant, which suggests the environmental affect of building could be minimized.

Vice President of Sullivan County Council Jackie Monk mentioned she’s excited concerning the new facility, however nonetheless has some questions.

“I’m involved concerning the power, the utilization of power that they are going to be utilizing. How will it impact out county,” Monk mentioned. “I wanna be taught a bit bit extra about it. Will it impact the electrical payments with companies. Electrical payments for residents right here. As a result of that’s the very last thing we’d like.”

Full operations plan to start on the finish of this 12 months. The ability can even initially create six to 10 jobs in Sullivan County.

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