New energy company Aboutbit will launch an ultramodern, sustainable cryptocurrency mining facility at the site of a 50-year-old power station in Merom, Indiana. The project is expected to create 15 jobs in Sullivan County.
The high-tech facility will specialize in the validation of multiple electronic assets. The site will go online adjacent to the Merom Generating Station in the next 30 days.
Through a five-year agreement, AboutBit will purchase 115 megawatts of electricity from WIN Energy to power the facility. In order to accommodate such a high load, the power supply to the facility is fully interruptible, allowing AboutBit to respond to power requirements at times of peak demand.
“It’s hard to spin up and spin down power plants,” said AboutBit founder and CEO Stacy Griggs. “If demand in the region hits a peak, we’ll actually be able to reduce our power requirements from WIN Energy and scale back our use at the mining facility, ultimately benefiting other customers in Southwest Indiana.”
Unlike other crypto mining projects, environmental and noise pollution will be mitigated through advanced technology and the location of the facility itself, according to company officials. A cutting-edge liquid cooling system will ensure the machines run quietly, in contrast to the roaring, fan-cooled rigs often associated with crypto mining facilities. Additionally, the construction of the datacenter on the site of a long-time power plant means the buildout will have little to no impact on the surrounding environment.
“This project continues our commitment to facilitate economic development opportunities near Merom,” said Hoosier Energy President & CEO Donna Walker. “I’m proud of our team’s diligence in seeing the agreement through, benefiting both WIN Energy and all of our members.”
WIN Energy is an electric distribution cooperative with its wholesale power purchased from Hoosier Energy located in Bloomington, Indiana, which is a Generation and Transmission cooperative.