The international provider of solutions in the field of renewable energy and hosting for mining capacity, a Hong Kong Corporation SPI Energy Inc. announced the signing of its subsidiary, SPI Solar Inc. contract for the provision of 500 connections to mining equipment ecosystem participants venture capital IPO 500 Fund, which among others include large venture capital firms and investors from China.

Recall that, according to analysts Morgan Stanley, energy demand for mining cryptocurrency until the end of 2018 could exceed the electricity consumption of Argentina. In the autumn of last year, the Japanese supplier of electricity from renewable sources, the company Looop, announced a new tariff plan, by which the miners can significantly reduce operating costs. And in Russia the Minister of natural resources recently advised the miners to use the power of renewable energy instead of traditional coal-fired and fuel oil.