Still growing — Armenian mining operator increases power plant capacity

2022.08.24 13:30

Still growing — Armenian mining operator increases power plant capacity

The establishment of free economic zones that foster blockchain and cryptocurrency adoption in Armenia is bearing fruit as a local mining operator adds 60MW of capacity to its power plant-based facility.

Cryptocurrency investment platform ECOS has been operating a mining center on the grounds of the Hrazdan Power Plant since 2018. Situated in the country’s center, the utility is becoming an innovation hub that is taking advantage of attractive financial benefits and direct access to power.

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