Canadian company bought an eolian farm from Romania for mining

The Canadian Company Transeastern Power Trust has announced the recent purchase of an eolian farm in the South-Eastern Romania. The farm is composed of 15 Vesta turbines V-90, with each having a capacity of 3MW. The eolian park has been developed by OMV Petrom, the biggest gas and petroleum company and Romania, and one of the biggest in Europe. The investment in this farm is of 90 million dollars and it has an installed Power of 45 MW. The main focus for this park is to produce Bitcoin, by using specialized equipments that are worth 20 million dollars.

So that they blend in with this business strategy, the Canadian company ha changed its name into Blockchain Power Trust and it is going to manage the virtual farm with an installed Power of 90 Petahash when using the Bitcoin SHA-256 algorithm. As expected, the equipments that will be used will be the ASIC type Antminer H40 delivered by the Asian company Bitmain.

The mining company representatives have stated that they are heading towards a more robust business model and that they hope to enlarge their business among other countries with capacity worldwide. The company owns some other energy related business in Romania and the high interest might come from the low fees and pretty low electricity bills that Romania has.