Bitcoin mining farms have similar power needs, making Colorado Springs a great place to set up shop.
Much of the town’s economy is based in the high-tech sector, with companies like Verizon and Hewlett-Packard setting up offices.
California-based 3G Venture II has purchased a “large portion” of the old Intel plant and – according to city economic development leaders – plans to convert it into a bitcoin mining operation.
The company intends to lease space in the remaining building – a huge 4-story, 640,000 square foot facility – to industrial tenants.
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Top 10 cryptos rebounded after plummeting on Monday. Intel unveiled a new Bitcoin mining…
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California-based 3G Venture II has paid $13 million for a significant portion of an old Intel chip plant in Colorado Springs, which it intends of turn into a new bitcoin mining operation. Mining Farms Opening Around the World Miners have been flocking to cities that offer cheap electricity to reduce costs and increase profits, and it looks like Colorado Springs may join the list.
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