nteater miners, equipped with ASIC bitcoin mining chips developed by Samsung and Innosilicon, will be used on the site, the company announced.

Dam Turns Mining Farm

A hydroelectric dam roughly ten miles south of New York's capital city, Albany, is being converted into a dedicated cryptocurrency mining farm, Dpw Holdings Inc. announced on Thursday.

"The historic Valatie Falls, New York hydroelectric dam will become operational during the fourth quarter of 2018," the company detailed, adding that it will "serve as a fully-dedicated source of low-cost, renewable power for a new co-located cryptocurrency mining farm to be built and operated by DPW's wholly-owned Super Crypto Mining subsidiary." CEO and Chairman, Milton "Todd" Ault III, commented: