Icelandic authorities are preparing to shield a geothermal plant relied upon by crypto miners amid fears that recent earthquakes in the region could soon be followed by a volcanic eruption.
Quakes in the southwestern region of Reykjanes began on October 26 and continued to escalate during November. Despite the tremors subsiding, the town of Grindavik has been evacuated with scientists claiming that an eruption from the Fagradalsfjall volcano is imminent.
The volcano is located three kilometers from the Svartsengi geothermal plant which, as reported by Reuters, is currently being fortified with defensive walls designed to protect it from potential lava flows.
According to Iceland’s justice minister, enough resources to fill 20,000 trucks are being moved to the plant to help create the defensive barrier.
🌋 Iceland is bracing for a volcanic eruption in the coming days after a series of earthquakes and evidence of hot magma flowing quickly underground.
Authorities have evacuated thousands of people.
🔗 https://t.co/bCzakEwoLg pic.twitter.com/tClhKL9cYf
— Sky News (@SkyNews) November 14, 2023
Read more: Iceland turns away new Bitcoin miners amid major energy shortage
Plant powering crypto miners in lava zone
The plant likely supplies a number of crypto miners in the region, including Bit Digital, Bitfury, and Genesis Mining with thermal power.
Despite its location in the earthquake zone and proximity to the volcano, Bit Digital claims that it has yet to be affected by either and that it has contingency plans in place to deal with any potential disruption.
“The lava channel is far enough away from the data center that no earthquakes have been felt in that location,” head of investor relations Cameron Schnier told Protos.
He added that the firm has made “arrangements with another power station” in case the plant is affected by any eruption. “If power does go out, downtime will likely be a few hours,” he said.
In 2018, a development manager for Hitaveita Sudurnesja (HS Orka), the plant’s owner, expressed shock at the increased demand in the region from crypto miners. Reports claim the bitcoin mining industry in Iceland consumes around 120 MW as “the most bitcoin-mining-dense country on the planet.”
A spokesperson for HS Orka told Reuters that the Svartsengi plant supplies the entire country with power. They added that in the event of disruption, Iceland’s capital Reykjavik would still receive power.
Protos reached out to crypto-mining facilities in Iceland that may have been impacted by the earthquake and will update the piece if we hear back.
get clomid prices clomiphene sale buying generic clomiphene pill where can i get clomid no prescription how can i get generic clomiphene price how can i get generic clomiphene no prescription where to get generic clomid tablets
I couldn’t resist commenting. Profoundly written!
With thanks. Loads of expertise!
order zithromax 500mg without prescription – buy metronidazole 200mg without prescription metronidazole brand
where can i buy rybelsus – semaglutide oral order cyproheptadine sale
motilium oral – order generic flexeril buy cyclobenzaprine sale
buy augmentin 625mg generic – https://atbioinfo.com/ purchase ampicillin online
buy esomeprazole 20mg capsules – nexium to us order nexium pill
cheap meloxicam 15mg – https://moboxsin.com/ mobic 7.5mg drug
order deltasone 5mg online cheap – https://apreplson.com/ order deltasone pill
amoxicillin price – https://combamoxi.com/ buy amoxicillin generic
buy diflucan generic – site forcan cheap
cenforce order – fast cenforce rs cenforce 50mg pills
cialis 100mg review – ciltad genesis cialis for daily use dosage
buy ranitidine tablets – https://aranitidine.com/ buy ranitidine pills for sale
what does cialis look like – https://strongtadafl.com/# cialis milligrams
sildenafil oral jelly 100mg kamagra – strongvpls sildenafil citrate 100mg en es
The thoroughness in this draft is noteworthy. sitio web
This is the gentle of literature I in fact appreciate. buy neurontin medication
More posts like this would bring about the blogosphere more useful. https://ursxdol.com/prednisone-5mg-tablets/
Greetings! Utter gainful par‘nesis within this article! It’s the crumb changes which wish espy the largest changes. Thanks a portion quest of sharing! order lopressor generic
The thoroughness in this break down is noteworthy. https://ondactone.com/simvastatin/
This is the big-hearted of scribble literary works I positively appreciate.
cozaar 50mg for sale
forxiga buy online – https://janozin.com/# forxiga order online
order xenical pills – https://asacostat.com/# orlistat oral
The sagacity in this piece is exceptional. http://bbs.dubu.cn/home.php?mod=space&uid=405284