Fortitude Mining Holdings has launched a 12 MW digital asset mining facility in Grand Island, Nebraska, according to CryptoBriefing. The company said the site is expected to cut power costs to $0.045 per kilowatt-hour and lower Zcash mining costs from about $70 to $40. The project is Fortitude Mining’s first greenfield development and expands its owned power portfolio to seven facilities with a combined 60 MW. The company had previously agreed to merge with HeartSciences as it works toward a public listing. The mining site is positioned between two solar power plants, allowing it to absorb excess electricity during off-peak periods and reduce consumption during peak demand.
Fortitude Mining Holdings has launched a 12 MW digital asset mining facility in Grand Island, Nebraska, according to CryptoBriefing.
The company said the site is expected to bring power costs down to $0.045 per kilowatt-hour and reduce Zcash mining costs from about $70 to $40.
The facility is Fortitude Mining’s first greenfield project. With the launch, the company’s owned power portfolio has increased to seven facilities totaling 60 MW.
Fortitude Mining had previously agreed to merge with HeartSciences to advance its listing plan.
The site sits between two solar power plants, which allows it to consume excess electricity during off-peak periods and scale back usage during peak demand.
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