The Ponderay Newsprint Mill in Usk, Washington has new possession with large plans for cryptocurrency mining.
After it offered to Allrise Capital Inc. in April for $18.1 million, the Ponderal Newsprint Mill may be again in enterprise. The new house owners formally requested ample energy from the grid for a crypto mining farm , based on The Spokesman-Review.
If their request passes, the operation turns into one of many largest crypto mining operation within the United States. The mill sits on a 927-acre property that’s residence to 29 buildings and storage areas.
Mining Revitalization
Before it shuttered in 2020, Ponderay was one of many greatest employers within the space of Pend Oreille County. I had round 150 staff. The mill went beneath after the earlier house owners, Lake Superior Forest Products and 5 main U.S. publishers, filed for chapter. Lake Superior Forest Products is a subsidiary of Resolute Forest Products in Quebec.
According to the brand new house owners, together with mining the mill can even be used to make cardboard packaging.
In addition, job creation is a significant factor within the reopening of the mill. Todd Behrend beforehand labored on the mill and is now the CEO of Poderay Industries LLC. Behrend mentioned that he hopes to rehire most of his former co-workers. Eventually the services hopes for 100 extra staff. The CEO mentioned many stars should align to drag it off however “it will be a really substantial operation and definitely a premier employer within the county once more.”
According to the Public Utility District of Pend Oreille County, the mill requested to revive the 85 common megawatts a month to restart the mill. An extra 220 common megawatts a month for the Blockchain LLC was additionally requested.
As it stands, Ponderay should look ahead to the Bonneville Power Administration (BPA) to resolve how a lot energy the mill can pull. Behrend mentioned that determine will “drive all the choices.”
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