Plouton Mining Announces Plan to Build the Largest Solar-Powered Bitcoin Mining Operation in North America
Plouton Mining aims to create an opportunity for people to participate in the growing bitcoin economy in a sustainable way without having to take on the associated risks and complications of procuring and operating equipment on their own.
Plouton Mining announces its aims to build what will be the largest solar-powered mining operation in North America, providing people with an opportunity to participate in the growing bitcoin economy in a sustainable and affordable way.
The process of bitcoin mining is energy-intensive, requiring massive amounts of electricity produced by carbon-emitting fossil fuels and delivered on outdated and aging power grids. Plouton Mining will help solve this issue with plans to construct a solar-powered facility located on pristine land, wholly owned by parent company Plouton Group, in Western Mojave, CA. Solar panels will occupy approximately 49 of the 50 acres and will generate 10-13 Megawatts of electricity approximately 330 days annually, operating on average 12 hours per day.
Western Mojave, CA is one of the most ideal locations for a solar-powered facility on the planet. The region is basked in sunlight 70% of the year. Plouton Mining will contract with local utility providers to allow for ultra-cheap operating costs when the sun goes down. This model also benefits the local utility providers who are left with an excess supply during much of the nighttime hours when demand is at a low. As a result, Plouton Mining will enjoy the lowest all-in energy costs possible.
Ramak J. Sedigh, CEO of Plouton Mining, said, “The preeminent combination of nature and technology will usher in the next stage of bitcoin mining evolution, fulfilling the promise of Bitcoin as a sustainable, decentralized network of transactions. We are very pleased to offer people the opportunity to participate in the growing Bitcoin blockchain economy without having to purchase the mining equipment themselves.”
For more information, visit Plouton Mining’s website.
About Plouton Mining
Plouton Mining will be North America’s largest solar-powered bitcoin mining facility. Based in Western Mojave, CA, Plouton Mining will implement new, sustainable mining practices that will allow the industry to continue to scale and grow. Instead of relying on “cheap electricity” that will increase in price over time and become unsustainable, Plouton Mining leads the next generation of bitcoin miners by harnessing the power of sustainable energy. Plouton Mining will set the standard for future mining operations by establishing a green, scalable, and sustainable mining solution that will benefit investors, the environment, and local utility companies.