U.S. cannabis processing giant Generation Hemp enters the Bitcoin mining sector

ChainCatcher News, the American cannabis processing giant Generation Hemp Inc. has renamed itself Evergreen Sustainable Enterprises, Inc., as it focuses on new sustainable energy projects, with its first project involving a Bitcoin mining operation in Costa Rica.

According to a press release, the company has acquired an 80% stake in Toro Energía Sociedad Anonima through its subsidiary Cryptorica, LLC. Toro owns a hydroelectric dam in Costa Rica, which generates power to support Bitcoin mining rigs. Hydropower is a clean, renewable energy source that is more reliable and cost-effective than other energy sources, helping to reduce the carbon footprint of mining.

Additionally, Toro's previous owners, Eduardo Kopper and Roberto Kopper, will retain a 20% ownership stake and continue to oversee the Bitcoin mining operations. (Source link)