Category : new york

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Company Uses Junk Bonds to Convert Aluminum Smelter into a Giant Mining Operation

Coinmint LLC is turning to junk lending in order to fund a massive new mining operation. The project will repurpose a now-closed industrial site. Coinmint LLC is in the midst of a project to transform an aluminum smelter into a massive crypto mining operation by turning to the debt market. The operation is taking place in Massena, New York, just south
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Plattsburgh NY Officials Fed Up With Mining Noise Adopt Regulations

Leaders in the town of Plattsburgh, New York, have adopted a law requiring crypto mining operations to hold a special permit. In the meantime, a moratorium on new endeavors is still in effect. Debate over cryptocurrency mining operations and their impact has been a popular talking point among citizens in Plattsburgh New York. In March, city officials slapped down an