Cryptocurrency Firms Seek WNY Sites Amid Concerns Over Economic Development Value | Local news

Digihost chairman Alec Amar told The News in July that the Fortistar project would create 20 permanent jobs and 30-40 construction jobs. He said that even if the Fortistar deal is approved, Digihost will continue to operate its current cryptocurrency site at the former American Axle factory in Buffalo.

Shipping containers to be filled with computers and cryptocurrency mining servers were visible outside the Fortistar natural gas power plant on Erie Avenue in North Tonawanda on December 7, 2021.

Thomas J. Prohaska / Buffalo News

Digihost has started hiring employees for the North Tonawanda site, said Nick Williams, in-house legal counsel for the company.

But Digihost needs approval for the purchase of the $ 3.5 million power plant from the State Civil Service Commission, which has yet to even put the item on its agenda. , although the public comment period expired more than two months ago.

Meanwhile, a construction crew is at work on the Fortistar property.

“We are also moving forward with work on the site, including underground electrical infrastructure and other work required by the approved site plan to comply with city codes,” said Williams. “This includes laying concrete slabs to eventually house the servers in the data center. “

For a utility, cryptocurrency mining is a boon.

“It’s called in the utility industry a constant load. You plug it in and let it run,” said Jon Williams, owner of a crypto business in Niagara Falls. “From a utility standpoint, he’s a great customer to have.