Ally Energy Solutions Partners with Cryptocurrency Mining Solutions Provider, JAI Energy

The collaboration will provide site-specific Bitcoin mining solutions that utilize stranded hydrocarbons and/or excess stored energy. Link to Press Release – https://www.prnewswire.com/news-releases/ally-energy-solutions-partners-with-cryptocurrency-mining-solutions-provider-jai-energy-301344543.html LENEXA, Kan., July 29, 2021 /PRNewswire/ — Ally Energy Solutions is pleased to announce its partnership with cryptocurrency energy solutions provider JAI Energy. JAI Energy designs portable Bitcoin mining infrastructure for clients looking to generate profit from surplus on-site energy production. The partnership, which is part of Ally’s ongoing commitment to leading-edge energy management, will provide industrial facilities with an additional profit opportunity connected to the implementation of clean energy projects, while also helping improve Bitcoin’s environmental, social and corporate governance (ESG) footprint. “This is an exciting partnership,” said Ally President and Founding Partner, Shawn Rash, “The market is moving quickly to adopt a […]

Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Power Plants

The lofty prices of cryptocurrencies have investors sinking money into electricity generation, risking a backlash By Brian Spegele and Caitlin Ostroff May 21, 2021 7:00 am ET Across America, older fossil-fuel power plants are shutting down in favor of renewable energy. But some are getting a new lease on life—to mine bitcoin. In upstate New York, an idled coal plant has been restarted, fueled by natural gas, to mine cryptocurrency. A once-struggling Montana coal plant is now scaling up to do the same. The lofty price of bitcoin and other cryptocurrencies has investors pouring money into power generation—and risking a backlash. Elon Musk tweeted last week that Tesla Inc. would no longer accept bitcoin as payment for vehicles over concerns about fossil-fuel use in bitcoin mining. That […]