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Company will convert Electric City facility into Bitcoin mine

 

An Electric City building, long used for a welding business on SR-155, is being acquired by a company that plans to put in computer servers that will perform intensive computations to verify digital transactions. - Jacob Wagner photo

A warehouse in Electric City will soon become the "Grant County Data Centre" for processing a type of currency that only exists digitally and has gained recent worldwide attention as its value increased 2,700 percent since September.

Atlas Cloud Enterprises Inc., a Canadian company, has apparently purchased the former Young's Welding building in Electric City for $300,000, and plans to invest another $2.6 million into it.

Atlas Cloud, shares of which are traded on the Canadian Securities Exchange, issued a news release last Wednesday on its website, stating it had purchased a facility in E...



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