U.S. Miner Raises $ 105 Million To Recycle Waste Coal Into Crypto By Cointelegraph

U.S. miner raises $ 105 million to recycle waste coal into crypto

Pennsylvania-based Stronghold Digital Mining announced the completion of two private equity fundraisers valued at $ 105 million.

According to an announcement shared with Cointelegraph, the company’s first power generation facility, the Scrubgrass Generation Plant in Venango County, converts waste coal into energy on a scale equivalent to “a full-scale hydroelectric plant.” which is then used to mine and other cryptocurrencies. .

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