- SkyChain Technologies (SCT) has signed a service agreement with Sunset Solar, a private solar energy company based in Alberta
- SkyChain has agreed to pay $1.68 million in common shares to Sunset for all permits and approvals for land and power access from Sunset
- The final project will provide enough power for SkyChain’s cryptocurrency mining facilities
- SkyChain Technologies is a Vancouver-based company providing blockchain infrastructure services and power solutions
- SkyChain Technologies (SCT) is currently down 1.45 per cent, trading at $0.68 per share
SkyChain Technologies (SCT) has signed a service agreement with Sunset Solar, a private solar energy company based in Alberta.
Sunset has been developing a 10-acre solar farm in Alberta since 2016 that will hold 216,756 fixed-mount photovoltaic solar panels, an underground network of electrical collector lines, and a collector substation.
SkyChain has agreed to pay $1.68 million in common shares to Sunset for all permits and approvals for land and power access from Sunset.
Sunset has agreed to continue to participate in all aspects of the project as SkyChain proceeds with the permits and applications required to develop the project.
Final approval of the project is subject to securing the land and energy from the Alberta power transmission authority.
The final project will provide enough power for SkyChain’s cryptocurrency mining facilities from a 57-megawatt alternating-current solar photovoltaic power plant.
The use of solar power combined with conventional power sources on the 10 acres site will add an emission-free energy source for its data centre.
SkyChain Technologies is a Vancouver-based company providing blockchain infrastructure services and power solutions. The company’s vision is to become a leading player in crypto/data mining by growing to 100 megawatts of crypto hosting capacity.
SkyChain Technologies (SCT) is currently down 1.45 per cent, trading at $0.68 per share as of 10:56 am ET.
