Rehabilitate HydroPower Plants with Crypto Miners

What is happening? As the government stopped buying power from the hydro plant during the pandemic, the hydropower plant began selling its power to crypto miners.

Why is this important? This isn’t unique to hydro, when power isn’t being purchased or is in the case of natural gas being flared, there is a market to sell power to crypto miners.

How will this be important? As a result of this use of hydropower for crypto mining, Costa Rica’s central bank is providing for technological innovation for a Fintech industry

Reuters | Costa Rica hydro plant gets new lease on life from crypto mining