BioStar Renewables operates solar energy farms in California. In 2018 BioStar completed a deployment of a new solar farm in Temecula, however the local power grid was not ready to accept this new source of energy.
Tax credits for deployment of clean energy required utilization by end of year. Without a solution to connect to the local power grid, BioStar was at risk of losing the tax credits that were utilized to build this solar farm.
With only 2 months to put a solution in place, BioStar found MiningStore and the team came together quickly.
To rapidly utilize energy from a newly completed solar farm before year-end to avoid the loss of multi-million dollar tax credits associated with clean energy deployment, as the local power grid was not yet ready for interconnection.
MiningStore rapidly deployed a Phase 1 solution within four weeks: a 10-foot container equipped with 600 crypto mining computers. A leaseback model was used to eliminate the need for BioStar’s upfront capital, and the operation was supported by five local engineers and remote management.
BioStar secured its multi-million dollar tax credits by successfully routing 1 MW of stranded solar energy to the mining operation. The project immediately generated additional revenue outside of tax incentives, enabling BioStar to continue expanding its renewable energy operations.
As of April 2025, with BTC stabilizing near $92,000 and institutional adoption surging, Bitcoin mining has entered a period of strong growth. The client’s forward-thinking shift from simple hosting to full infrastructure ownership has perfectly positioned them to capture this market momentum.
