127-year-old US hydro plant tripled profit by mining Bitcoin
- —Mechanicville plant dates to 1897, has about 5 MW capacity and produces 18–22 GWh annually
- —Selling power to the grid at 3 cents per kWh left thin margins
- —Since 2021 about 4 MW has been allocated to Bitcoin mining, tripling profit
- —Mining runs entirely on renewable power from the Hudson River
Why it matters: The case shows mining can revive marginal energy assets and adds evidence to debates over Bitcoin's energy use and value.
Source: Crypto Briefing