Butte cryptocurrency servers back in operation
A cryptocurrency mine in Butte is back in operation after being shut down for two months due to the arrest of its majority owner on charges of cryptocurrency investment fraud.
Kevin Washington, a minority owner of CryptoWatt, and operator Rick Tabish went to court to have a receiver appointed to run the company.
Early Sunday, the power was turned back on and more than 35,000 servers in seven buildings gradually came to life, performing calculations that are rewarded in payments via Bitcoin.
Tabish said he negotiated a lower-priced power contract than they had before they shut down.
Washington and Tabish are still looking to raise $45 million to purchase more efficient and productive servers.