Hey kids! Did you know that Bitcoin mining needs a LOT of electricity? A big company called Bitfarms is buying two power plants in Pennsylvania to power its Bitcoin mining. This is a really interesting story that connects energy, computers, and cryptocurrency!
- Bitfarms, a Canadian company, is buying Stronghold Digital Mining.
- Stronghold owns two power plants that use coal to make electricity.
- Bitfarms will use this electricity to mine Bitcoin, a type of cryptocurrency.
- This deal is important because Pennsylvania needs more power, and Bitfarms can help.
| Fact | Number |
|---|---|
| Power plants' combined power | 165 MW |
| Potential expansion of power | 955 MW |
| Bitfarms' initial offer for Stronghold | $120 million |
| Final deal value | $175 million |
Experts think this could help solve Pennsylvania's energy needs and might even make Bitcoin's price go up!
