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Pegasus Crypto-Mining Solar Power Project

Sector: Solar • Location: Arizona, United States

Source: BBC

Project
Failed

Pegasus Group Holdings planned to use thousands of solar power generators to mine Bitcoin at a remote site in the Arizona desert. The project aimed to reduce the cost of energy-intensive cryptocurrency mining by using solar generators. However, the project failed with only 615 of the planned 16,000 generators acquired and minimal cryptocurrency mined. Legal action was taken by investors due to una

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The project “Pegasus Crypto-Mining Solar Power Project” is an infrastructure initiative in the Solar sector, located in Arizona, United States. Taiyo aggregates data on it from BBC.

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Participants

Sponsoring Agency

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Company

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Status

Original status

failed

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Email

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Address

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Description

Description

Pegasus Group Holdings planned to use thousands of solar power generators to mine Bitcoin at a remote site in the Arizona desert. The project aimed to reduce the cost of energy-intensive cryptocurrency mining by using solar generators. However, the project failed with only 615 of the planned 16,000 generators acquired and minimal cryptocurrency mined. Legal action was taken by investors due to unaccounted funds.

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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