At the end of 2019, MiningStore launched a 7 MW bitcoin and cryptocurrency mining facility in Iowa, powered by a mix of wasted wind power and traditional grid power from Grundy County Rural Electric Cooperative (REC).
This strategic investment has delivered economic, environmental, and community benefits, proving that Bitcoin mining can be both profitable and sustainable.
The mining facility provided a flexible industrial load, allowing Grundy County REC to reduce per-unit costs and achieve a 19% decrease in member electricity costs. This strategy grew operating revenue (to $9M) and margins (to 50.37%), establishing a powerful model for strengthened local infrastructure and sustainable economic growth.
As the US leader in wind power (77% of Iowa’s electricity in 2023), Iowa consistently produces surplus energy. MiningStore leverages this excess power with high-load, flexible facilities to turn stranded resources into economic value. We remain committed to expanding our operations in Iowa to power the future of Bitcoin mining.
With Iowa leading the US in wind power (57% in 2023) and producing more electricity than it consumes since 2008, MiningStore turns the state’s energy surplus into economic value via flexible usage. We are committed to locating and expanding more facilities in Iowa to leverage this sustainable resource for the future of mining.
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.
