Hydropower Plant In Costa Rica Heads To Cryptocurrency Mining

In Costa Rica, a hydroelectric power station near the Poás River, surrounded by coffee trees, has started its operations by turning to cryptocurrency mining.

After nearly three decades, a hydroelectric power plant located near the Poás River, 40 kilometers from Costa Rica’s capital city San Jose, has decided to change its business model.

The government’s failure to purchase electricity from this power plant due to the energy surplus that emerged during the pandemic, with its focus on cryptocurrency mining concluded.

According to Reuters, the power plant now belongs to 150 customers and operates continuously. Eight containers with more than 650 devices supplies energy.

power plant and its Data Center CR Eduardo Kooper, director of the family business that operates the facility, “We had to stop our activities for nine months. Exactly a year ago, I started learning about Bitcoin, blockchain and digital mining.” said and “I was skeptical at first, but realized that these things consume a lot of energy, and we have a surplus of energy.” added form.

The company, which operates three power plants with a value of approximately 13 million 500 thousand dollars and has a capacity of three megawatts, takes about a year to turn to cryptocurrency mining. 500 thousand dollars invested.

Kooper, crypto miners around the world clean and cheap energy sources He urged the Costa Rican government to take action to attract these miners to the country.

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