At the end of 2019, MiningStore launched a 6.0 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 Results: Stronger communities, lower energy costs
- 19% decrease in electricity costs for all cooperative members
- Operating revenue grew from $7.8M (2019) to $9M (2021)
- Operating margins improved from 33.29% (2020) to 50.37% (2021)
MiningStore’s facility has provided a stable and flexible industrial load, allowing Grundy County REC to distribute fixed costs across higher energy sales, reducing per-unit costs for all members.
This partnership strengthened local infrastructure, ensured affordable energy, and created a model for sustainable economic growth.
Iowa: Leading the way in wind energy
57% of Iowa’s electricity came from wind in 2023, the highest percentage for any state.
Iowa has produced more electricity than it consumes since 2008.
MiningStore’s high load factor and flexible energy usage, turns excess power into economic value.
Since then, we’ve located more MiningStore facilities in Iowa, and are committed to leveraging surplus energy to power the future of Bitcoin mining.
A model for the future
MiningStore’s Grundy County project is proof that industrial-scale Bitcoin mining can be a force for positive change, empowering local economies and driving sustainable growth.
By turning excess wind power that otherwise would have been wasted into economic opportunity, this facility has become a model for how digital infrastructure and surplus energy can work hand in hand.
Sustainable.
Efficient.
Profitable.
Bitcoin mining has proven to be an extremely beneficial interruptible load for all power companies looking to provide more affordable and reliable energy to their clients. If you would like to learn more about how MiningStore could help your power cooperative as a high load factor flexible energy user, please reach out to sales@miningstore.com.
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
