The 20-megawatt natural gas power plant of the former Park Falls paper mill as seen on a snowy morning on Feb. 18, may soon be repurposed for a big data and cryptocurrency blockchain mining operation that requires immense power to be competitive.
Workers are nearly complete with the demolition of the chemical recovery plant building of the former Park Falls paper mill on Feb. 18. The No. 6 Boiler building at more than 100,000 cubic feet and with a smokestack is due to come down next.
The 20-megawatt natural gas power plant of the former Park Falls paper mill as seen on a snowy morning on Feb. 18, may soon be repurposed for a big data and cryptocurrency blockchain mining operation that requires immense power to be competitive.
Workers are nearly complete with the demolition of the chemical recovery plant building of the former Park Falls paper mill on Feb. 18. The No. 6 Boiler building at more than 100,000 cubic feet and with a smokestack is due to come down next.
PARK FALLS — Official word is still forthcoming but varied news releases point toward a big data and cryptocurrency blockchain mining operation that is repurposing the power plant of the former Park Falls paper mill.
In a series of 2021 press releases the data and blockchain-based firm SOS Information Technology New York, Inc., a subsidiary of SOS Limited in Qingdao, China, said the company was acquiring majority equity interest in three U.S. based power plants to expand crypto-mining operations into North America. The move was in response to legal and regulatory changes with blockchain operations in China.
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About time that mill was put to good use! This is great news for Price County. I can't believe a big company like that is taking interest in our small town. The tax revenue should be of great benefit! I know some people have environmental concerns but they're self-cooled, it's just like plugging a computer into a big computer case. No worse for the environment than that old mill was!
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