A Bitcoin facility operates at the former DuPont plant, 2747 Buffalo Ave. in Niagara Falls.
Cryptocurrency firms search for WNY sites amid concerns of their economic development worth
Two months ago, a New York City company paid $8 million for a closed former coal-burning power plant in Niagara Falls and rapidly converted it into a cryptocurrency data center.
The former DuPont plant in the Falls also hosts crypto operations, and a defunct silica plant in the Cataract City is slated as a storage place for crypto equipment.
But economic development pros aren’t enthusiastic about this means of resuscitating empty industrial sites, saying crypto uses too much power and creates too few jobs.
COVID-19 COVERAGE
Hochul pledges support for rural hospitals struggling with Covid-19: Gov. Kathy Hochul vows to provide rural hospitals and other health care providers with the resources they need to continue delivering badly needed services as the Omicron variant takes hold in New York. She said maintaining enough hospital beds, getting more people vaccinated and boosted and making sure the public has access to testing are key concerns for her administration as an expected holiday season Covid-19 surge approaches. Read more