Validus Power (VPC) has broken ground on a cryptocurrency mining facility in Kapuskasing, Ontario in Canada.

Construction of the new 32,000ft2 high performance compute hosting facility forms part of a project, which also includes re-activating the mothballed Kapuskasing combined cycle power plant in Canada.

The North Bay power plant and data centre project is part of Validus’ overall $100m investment plan in Northern Ontario.

Validus Power president and CEO Todd Shortt said: “This is really exciting for everyone involved and Kapuskasing is an ideal location for us. Reinvesting in Canada and specifically Ontario’s north is a natural fit.

“A data centre designed for high performance compute with steady reliable power fits well in a cool climate if you want to promote maximum operational efficiency.”

Validus expects the 45MW Kapuskasing power plant to reduce emissions while boosting operational efficiency.

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The firm plans to commission the site by early spring. It is expected to create nearly 25 jobs.

Kapuskasing Mayor David Plourde said: “Northern Ontario is the future of Ontario. With that being said, we are extremely excited to announce the first phase of this project with Validus.

“Bringing new and diverse jobs to the area is great for the economy and community overall. Also, incorporating our continuing reforestation program with Validus’ ESG initiatives is very synergistic.”

Validus is engaged in providing wide range of electricity generation driven, energy-related solutions.

It serves customers in industrial businesses, developing/remote communities, essential services, and data centres.

———————————————————————————————————————-The Kapuskasing combined cycle power plant is located in Canada. Credit: cwizner from Pixabay.