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Environment & Energy Report

Bitcoin Mining Private Equity Build Wind Farm in Morocco

July 27, 2018, 1:57 PM

The rise of cryptocurrencies as assets attractive to fund managers is breathing life into a spit of land the size of Manhattan located on the southern coast of Morocco.

Artist’s impression of Soluna wind farm in southern Morocco.
Source: Soluna

New York’s Brookstone Partners, a private equity company with $150 million in assets, says it’s raising cash to develop the first phase of a 900-megawatt wind farm near Dakhla, Morocco. The remote location, wedged between the Sahara Desert and Atlantic Ocean some 1,400 kilometers (870 miles) south of Marrakesh, has gained in value for its potential to mine cryptocurrencies and manage data using clean energy.

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