82 River North
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Sangha Systems Putnam County facility is an operating 82 MW cryptocurrency mine, located in Putnam County, Illinois.
Location
The map below shows the precise location of the Sangha Systems Putnam County facility cryptocurrency mine.
Background
The Sangha Systems Putnam County facility, called 82 River North, is an 82 MW cryptomining operation based out of a former steel mill in Hennepin, IL. [1] The facility went into operation in the fall of 2019. While it is currently powered by the local grid that mainly sources from non-renewables, Sangha Systems has plans to power the operation using solar power. [2] Recently, in partnership with AEP OnSite Partners, the company signed a letter of intent (LOI) to develop a behind-the-meter solar array with a capacity ranging from 2-5 MW to reduce reliance on the local grid. [3]
Sangha Systems may soon gain tax incentives for operating in the state of Illinois. A bill, extending tex benefits to cryptomining operations, is awaiting approval in the state legislature. Reportedly, a lobbyist of Sangha Systems was very influential in its development and drafting.[4]
Project Details
- Power usage (MW): 82 MW
- Owner: Sangha Systems
- Parent:
- Location: 10726 Steel Dr, Hennepin, IL 61327
- Coordinates: 41.26671, -89.32176 (EXACT)
Articles and Resources
References
- ↑ "Projects". Sangha Systems. Retrieved July 5, 2022.
- ↑ "Midwest cryptocurrency mining facility". Chicago Tribune. June 18, 2021. Retrieved July 5, 2022.
- ↑ "Developer of crypto mining site in Illinois begins transition to solar power use". Chicago Tribune. June 04, 2022. Retrieved July 5, 2022.
{{cite news}}: Check date values in:|date=(help) - ↑ "Crypto Industry Helps Write, and Pass, Its Own Agenda in State Capitols". New York Times. April 10, 2022. Retrieved July 6, 2022.
