A new venture is taking shape on Alaska’s North Slope as Wasilla-based Stax Capital Partners proposes a groundbreaking bitcoin mining operation scheduled to launch later this year.
This ambitious project aims to harness the region’s abundant natural gas resources to establish what the company hopes will be the largest bitcoin mining facility in the United States.
According to CEO Sparrow Mahoney, Stax Capital Partners intends to create a blueprint for sustainable and scalable bitcoin mining in Alaska, asserting that the state is uniquely positioned for such an initiative.
The company has submitted a permit application to state land managers for its innovative project, which will involve shipping container-like pods equipped with natural gas generators and advanced computer systems situated approximately 30 miles south of the vast Prudhoe Bay oil field.
The proposed operation is intended to utilize the substantial quantities of
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