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Hey Bitcoin Miners, Check Out All That Clean Energy in Uruguay

Jan. 2, 2018, 10:25 PM

A wind and solar developer in South America has a message for the world’s cryptocurrency miners: Come to Uruguay, a stable democracy awash in renewable energy.

Ventus Ingenieria SA is in talks with a Chinese investor to help fund a 200-kilowatt facility this year, according to Francis Raquet, business development director of the Montevideo-based company. And it has plans to do even more.

The energy-hungry computer networks that generate bitcoins and other cryptocurrencies have come under increasing scrutiny for boosting demand for electricity from coal.

Uruguay may be well-suited to take advantage of the growing interest in digital ...