Bitcoin miner comes to Lewiston, has plans for western Maine
Bitcoin mining is the process of earning Bitcoins — a decentralized digital currency, without a central bank or single administrator — in exchange for running the verification process to validate Bitcoin transactions. Miners can profit if the price of Bitcoins exceeds the cost to mine them.
“Miners use quite a bit of energy or power. Their power requirement is more intense than the cannabis companies out there. This space had existing power capacity and proximity to a CMP substation,” said Frank Carr of Maine Realty Advisors, who handled the Lewiston lease transaction.