Utah Startup Raises $13 Million To Power Bitcoin Mining With Landfill Gas

Utah-based startup BitClub Network has raised $13 million in Series B funding to build a large-scale Bitcoin mining operation that uses landfill gas as an energy source.

The company claims it can run “megawatt-scale” bitcoin mining operations using the landfill gas used to power its mining rigs. The company announced plans to set up its first mining facility in Colorado this summer for testing purposes.

the company also said it has plans to open offices in other states. Ashwin Navin, co-founder and CEO of BitClub Network, told CoinDesk that his new business will help solve some of the problems Bitcoin miners currently face. said he believed. “The main problem with bitcoin mining is heat,”

he says. The machine gets very hot and needs to be cooled down. If you look at the amount of electricity we use here in the United States, it's much less than in places like China or Iceland, where the climate is very cold, Navin added.

Bitcoin's energy consumption has been an issue for several years. In January 2016, Digiconomist published a report stating: