Armenia is going to invite cryptocurrency miners to install their coin minting hardware in an old thermal power plant. The TPP will be decommissioned and the government intends to rent it out to industrial companies including mining enterprises.
Miners Welcome to Set Up Data Centers at Old TPP in Armenia
The equipment at the Hrazdan TPP has been deemed obsolete and inefficient, producing expensive electricity, and authorities in Armenia have decided to shut down the old power plant in the near future. Its premises and infrastructure, including power lines, water and gas pipelines, will be offered to other, more profitable businesses.
The plan to rent out the old thermal station was approved at a meeting of the Commission for Regulation of Public Services on Wednesday, Sputnik Armenia reported. A company manufacturing refrigeration units has already arranged the transfer of some of its production to the TPP, the news portal revealed.
In another part of the plant, a free economic zone ca
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