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Bitcoin mining company closes in on purchase of North Tonawanda power plant

The 60-megawatt plant will power Digihost's mining operation, which has already been installed on an adjacent property.

NORTH TONAWANDA, N.Y. — A cryptocurrency mining company is nearly ready to purchase a North Tonawanda power plant, despite a legal challenge from environmental groups.

Digihost Technology Inc. of Toronto expects to close on the Fortistar natural gas plant on Erie Avenue by the end of the month, the company announced.

RELATED ARTICLE: New lawsuit challenges state's decision to turn a North Tonawanda power plant to a cryptocurrency company

The purchase has been approved by the Federal Energy Regulatory Commission and the New York Public Service Commission. The Clean Air Coalition of Western New York and Sierra Club have filed a lawsuit challenging the PSC's decision.

Read more on Buffalo Business First's website

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