BioStar
Renewables and Stranded Energy
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.
The Solution
A connection to the local power grid was not available, which meant all available solar energy could be utilized by the cryptocurrency mining site. Within 4 weeks of our initial conversation, MiningStore.com deployed Phase 1 on the ground at the BioStar site!
PHASE 1
deployed a 10’ container equipped with essential crypto mining computers and equipment.
A leaseback model allowed BioStar to implement the mining operation without upfront capital.
5
local on-site engineers maintain on-site servers
600
crypto mining computers are monetizing excess energy
MiningStore remotely manages the operation from our network operations center in Houston.
PHASE 2
expanded the operation with a 40’ container
The Result
With multi-million dollar tax credits at risk, this entire solar energy farm was at risk.
- MiningStore and BioStar worked together to expedite delivery of this solution. Together we designed, built and deployed an on-site cryptocurrency mine.
- 1 MW of solar energy was saved by routing it to the mining operation.
- BioStar’s tax credits were secured, and the company has continued to expand their renewable energy operations.
- Additional revenue was generated for the renewable company outside of project tax incentives.
Remote Hands
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Managed Mining
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Mining Services
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Technology
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Media Coverage
Forbes
Sacramento Kings Become The First Sports Team To Mine Ethereum
Forbes
Sacramento Kings Become The First Sports Team To Mine Ethereum
Forbes
Sacramento Kings Become The First Sports Team To Mine Ethereum
