{"id":76783,"date":"2023-04-06T12:43:48","date_gmt":"2023-04-06T09:43:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76783"},"modified":"2025-09-10T19:24:39","modified_gmt":"2025-09-10T16:24:39","slug":"us-bitcoin-to-resume-operations-at-niagara-falls-mining-facility","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/us-bitcoin-to-resume-operations-at-niagara-falls-mining-facility\/","title":{"rendered":"US Bitcoin to resume operations at Niagara Falls mining facility"},"content":{"rendered":"<p>US Bitcoin Corp (USBTC) has reached an agreement with the authorities of the city of Niagara Falls, New York, that will allow the resumption of bitcoin mining operations at the facility. <a href=\"https:\/\/www.coindesk.com\/policy\/2023\/04\/05\/us-bitcoin-corp-expected-to-settle-with-city-to-resume-mining-in-niagara-falls\/\">CoinDesk<\/a> reports this.<\/p>\n<p>Noise complaints from residents about the 50 MW mining operation led to enforcement actions. In early March a court ordered USBTC to cease operations there and pay a $1 million fine.<\/p>\n<p>A company spokesperson confirmed to the outlet that since then the facility with a hash rate of 1.1 EH\/s has been closed.<\/p>\n<p>The deal requires approval by the city council. Its terms include the company building a sound barrier and independent monitoring of acoustic pollution.<\/p>\n<p>USBTC has agreed to comply with municipal rules on renewable energy use. The company will also pay $150,000 within 30 days as a compliance fee.<\/p>\n<p>The Niagara Falls facility is the smallest of the four operated by USBTC. After <a href=\"https:\/\/u1f987.com\/en\/news\/compute-north-files-for-bankruptcy\">the bankruptcy of Compute North<\/a>, the company gained access to three data centers belonging to the former mining infrastructure provider. <a href=\"https:\/\/u1f987.com\/en\/news\/compute-north-sells-assets-to-its-former-lender-for-5-million\">Two entities<\/a> (in Texas and Nebraska) run the firm jointly with Generate Capital.<\/p>\n<p>In total, USBTC has 680 MW of contracted capacity.<\/p>\n<p>The company is in the <a href=\"https:\/\/u1f987.com\/en\/news\/hut-8-and-us-bitcoin-to-merge-into-new-hut-8-corp\">process of merging<\/a> with the Canadian mining firm Hut 8. The merged entity will be based in the United States.<\/p>\n<p>As Hut 8, which had been pursuing a bitcoin-accumulation strategy, began selling the mined cryptocurrency to fund the merger.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Bitcoin Corp (USBTC) has reached an agreement with the authorities of Niagara Falls, New York, that will allow the resumption of bitcoin mining operations at the facility. CoinDesk reports this.<\/p>\n","protected":false},"author":1,"featured_media":76784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,26],"class_list":["post-76783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=76783"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76783\/revisions"}],"predecessor-version":[{"id":76785,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76783\/revisions\/76785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/76784"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=76783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=76783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=76783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}