The Armenian authorities plan to decommission the old Hrazdan thermal power plant and place an enterprise for the extraction of cryptocurrencies on its territory.
On January 20, the project on leasing part of the station territory was approved by the Public Services Regulatory Commission of Armenia.
On one of the sites of the territory of the thermal power plant, the free economic zone "Ecos" will operate, where the mining data center is going to be placed.
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In February 2018, the Hrazdan CHPP and the ECOS-M company entered into an agreement on the provision of electricity for the construction of a mining center with a capacity of 50 MW in the Free Economic Zone.
Then it was reported that the capacity of the mining center could potentially be increased to 200 MW.