Mechanicville Plant Mining Bitcoin – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides



Bitcoin is helping increase the profitability of one of the oldest hydro-power stations in the U.S., the Mechanicville plant, as reported by Times Union. After decades of court fights, unused antique machinery, and plenty of restorations, the plant is now back at total capacity, and it is using part of that to mine bitcoin.

“We think this is the oldest renewable energy facility in the world that’s still running,” said Jim Besha Sr., CEO of Albany Engineering Corp., which owns the Mechanicville plant. “We can actually make more money with bitcoin than selling the electricity to National Grid.”

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