One of Europe's Largest Power Companies Allegedly Evaluated Cryptocurrency Mining Operations
The Italian multinational renewable-energy corporation located in Rome, Enel, made a statement on Thursday that explains it will not sell power to data centers who plan to mine cryptocurrencies. According to the financial publication Bloomberg the company was allegedly discussing a deal with a Switzerland-based cryptocurrency business called Envion AG. The news outlet stated that "according to people with direct knowledge of the matter" Enel was evaluating the market to sell power to bitcoin and other digital asset miners. Further, a company executive also commented on the mining evaluation story.