Costa Rica Hydro Power Plant Gets New Life With Crypto Mining

Costa Rica Hydro Power Plant Gets New Life With Crypto Mining

2022/1/13

According to reports, a hydroelectric power plant in San Pedro de Poas (Alvaro Murillo, Costa Rica) has been given a new lease of life for a cryptocurrency mining operation, with more than 650 machines from 150 customers operating non-stop in eight containers from Power is supplied by a hydroelectric power plant next to the Poas River. The plant was forced to renovate itself after 30 years of operation after the government stopped buying electricity during the pandemic due to an oversupply of electricity in the Central American country. "We had to suspend power generation for nine months, and just a year ago, I heard about bitcoin, blockchain, and digital mining," said Eduardo Kooper, president of the family-owned business, which owns the 60-hectare farm data center CR and factory. "I was skeptical at first, but we saw that this business consumes a lot of energy, and we have a surplus." The hydroelectric company, which owns three plants and 3 megawatts of capacity worth $13.5 million, has invested $500,000 in colocation Miner.

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