Newspaper article The Canadian Press

Innergex Sees Boost from Cryptocurrency Mining after Alterra Takeover

Newspaper article The Canadian Press

Innergex Sees Boost from Cryptocurrency Mining after Alterra Takeover

Article excerpt

Innergex sees boost from crypto mining

--

LONGUEUIL, Que. - Innergex Renewable Energy Inc. says increasing demand from cryptocurrency mining is helping to boost demand at its recently acquired operations in Iceland.

CEO Michel Letellier says the energy-intensive computer activity could help further its expansion in the country and is one of the surprise positives of Innergex's takeover of Alterra Power Corp.

Innergex completed the $1.1-billion takeover on Feb. 6, netting it 485 megawatts of renewable capacity including 100 megawatts of geothermal in Iceland as well as assets in Canada and the U.S.

The company says the deal will help it expand internationally, especially in the U.S., but that it is also still looking at possibilities closer to home. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.