Blockchain Power owns and operates its own renewable energy plants including 3 hydro-electric facilities, 2 solar parks, and 2 wind parks for a combined 83 MW of installed capacity and annualized production of approximately 144,000 MWh. EU Green Certificates, a form of subsidy for the production of renewable energy in Romania are granted to the projects according to generate type and their year of commissioning. These EU Green Certificates represent a major source of revenue for Blockchain Power and unlike the typical Feed-In-Tariff or FIT, they are earned for generating renewable energy, not at the time of sale into the grid. This unique situation gives Blockchain Power a tremendous economic advantage over others mining cryptocurrencies and validating transactions – we have the opportunity to earn substantial revenues for generating green energy above and beyond revenues derived from mining and validating cryptocurrency.
Blockchain Power is building an integrated renewable energy – cryptocurrency mining operation, one of the largest in the world with a combined processing capability of 9.072 PH/s powered predominantly by over 80,000 MWh annually of energy with the majority from 100% distributed renewable generation from own source. With a PUE of 1.03-1.05 and an innovative liquid cooling immersion technology our mining facility powered with our own sustainably generated renewable energy will be an ultra-low cost operator with almost zero carbon footprint.