JACKSON COUNTY — Tan pump jacks, 140-year-old oil field technology, bob up and down amid the purple sage in this rural corner of Colorado, lifting oil from deep below and also fueling a very 21st century frenzy: cryptocurrency mining. The pump jack wells are tied to natural gas generators powering trailers filled with bitcoin mining […]
bitcoin
Posted inBusiness
Oil and gas and cryptocurrency miners are Colorado’s new odd couple. And they’re making quite a bit of coin.
JACKSON COUNTY — Tan pump jacks, 140-year-old oil field technology, bob up and down amid the purple sage in this rural corner of Colorado, lifting oil from deep below and also fueling a very 21st century frenzy: cryptocurrency mining. The pump jack wells are tied to natural gas generators powering trailers filled with bitcoin mining […]
Posted inBusiness, Climate, Economy, Energy, Environment, News
Mystery solved: That secretive solar farm in western Colorado? It’s officially a crypto mine.
Mystery solved. The hush-hush solar development in Olathe is sub rosa no more. The old Louisiana Pacific lumber mill along U.S. 50 is home to a cryptocurrency mine. Aspen Creek Digital Corporation announced late last week that its “high-performance” bitcoin mining center is now operating on the site and is linked to the 10-megawatt solar […]
Posted inEnergy
Colorado’s curious case of a crypto mine that no one is really sure exists
Bitcoin miners are in a frenzy to find new homes after China banned the activity — and they’re bringing their energy problems with them everywhere they go
Posted inBusiness, Coloradans, News, Politics and Government
Colorado regulators look beyond coin offerings for other cryptocurrency fraud
A special task force to investigate cryptocurrency shenanigans will continue after Gerald Rome leaves his post Friday as commissioner for the Colorado Division of Securities. The task force, created over the summer, has four staff members investigating potentially fraudulent activity involving cryptocurrency offerings. It has since expanded its scope to include other crypto investments. “Once […]
Posted inBusiness, Growth, News, Politics and Government
Are you “crypto curious?” A beginner blockchain event wants to help Coloradans prep for the next big technology
On Monday, Colorado state Sen. Angela Williams plans to buy her first bitcoin, or piece of one, and then spend it right away. Perhaps on a glass of Jack Rabbit Hill wine. Or maybe a T-shirt from Denver designer Atomic Child. But instead of buying cryptocurrency online in the seedy, digital underworld of yesteryear […]