Energy Harbor Partners with Standard Power to Provide Carbon-Free Nuclear Power to New Ohio Bitcoin Blockchain Mining Center
Akron, Ohio, July 12, 2021 – Energy Harbor Corp. announced today that it has entered into a five year partnership with Standard Power to provide clean, reliable, carbon-free electricity from its nuclear fleet to Standard Power’s new Bitcoin blockchain mining center in Coshocton, Ohio beginning in December 2021. Standard Power is a leading infrastructure service provider for advanced data processing companies and a leading hosting provider for blockchain mining companies. This groundbreaking climate-friendly agreement helps enable Standard Power to revitalize an abandoned Ohio paper mill into a state-of-the-art facility that brings new jobs to the region. It also enables the company to achieve its sustainability objectives by powering the Bitcoin blockchain mining center with Energy Harbor’s clean, sustainable, locally generated nuclear electricity. Standard Power will also be providing valuable reliability and stability to the transmission grid by completely shutting down operations when the electric grid and other Ohio customers need the power the most.
Energy Harbor President and Chief Executive Officer, John Judge said, “We are grateful that Standard Power has granted us the opportunity to serve them. We are happy to partner with customers who are focused on minimizing their impact on the environment while driving a new clean energy future in our local Ohio economy. This is another example of the value we provide to our customers and communities as we continue our growth strategy across all sales channels within our retail business.”
“Bitcoin blockchain mining centers are energy intensive, and we recognize our responsibility to build a more environmentally sustainable future. We selected Ohio because of its low electricity costs with availability of carbon-free sources of energy. By partnering with Energy Harbor, we have proactively structured our hosting capabilities to ensure that 100% of the power associated with this facility is carbon-free," said Maxim Serezhin, Standard Power's Chief Executive Officer.