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Startup company looking to invigorate Anaconda economy with bitcoin, officials say

December 19, 2017View for printing

BitPower vice president Scott Mosebach said Wednesday that the company is interested in locating a bitcoin mine operation in Anaconda because of the region's cold temperatures, because keeping massive banks of computers cool is essential to the operation.

Now a startup with major financial backers behind it, New Mexico-based BitPower LLC, is considering the purchase of the W.K. Dwyer Primary School in Anaconda to convert the empty school into a training center for a bitcoin-based business.

The company says it has plans to purchase land in Anaconda's Mill Creek TIFID district, east of downtown, to build a facility that will house computers -- lots of computers. The more computers that BitPower has engaged in solving the bitcoin puzzles, the greater the chance of obtaining the reward -- bitcoins.

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