South Australia hosts 5-MW solar-powered crypto mining centre

• The South Australia federal government on Monday announced the opening of the state's very first solar-powered electronic mining centre, a 5-MW facility run by Lumos Digital Mining.

In addition to utilizing solar energy, the mining computer systems are grid friendly, indicating they can step up or down procedures in case of a power scarcity.

There is a possible to broaden the mining centre, which lies in Whyalla, to 100 MW of operation. Lumos plans to launch a 2nd 10-MW mining facility making use of hydro air conditioning modern technologies later in 2022.

According to the statement, the firm chose the area due to the high renewable job sources in the region, an adequate existing electrical infrastructure, the accessibility of a local competent workforce and a supportive city government.

Lumos chief executive Dong Wang claims the company wants to produce "one of the most prominent renewable digital mining service in Australia."

"There is a fast development popular for digital mining in Europe and also the USA. We involved South Australia because it has commonly been a strong adopter of brand-new technologies and also digital innovation as well as the state is rich in renewable resource generation," he included.