How this greenhouse and fish farm operation is fuelled by bitcoin mining

More than 30 computers sit on the second floor of a former car museum west of Winnipeg, quietly working to mine bitcoin.

The heat generated by those computers, which areverifying bitcoin transactions by solving cryptographic puzzles, helps warm nearby plants in a makeshift greenhouse.

To water thetrays filled with lettuce, basil and sprouted barley fodder, Bruce Hardy, the owner of this 20,000-square-foot building in the Rural Municipality of St. FrancoisXavier, clicks a button.

A pump waters the plants with waste water from tanks located on the first floor in which around 800 Arctic Char swim and breed. The waste water from the tanks is rich in nitrates, a great fertilizer for the plants upstairs.

A Manitoban entrepreneur is using bitcoin mining computers to improve agriculture in the province.

7 years ago

Duration 3:05

Local company use waste heat from bitcoin miners to operate new business in St. Francois Xavier

It's a complex operation but that's the beauty of it, according to the owner.

"It's all connected, much like Earth,"saidHardy, president of MyeraGroup.

'A popular move'

His company's goal is to use technology to create sustainable food systems.

Hardy runs his own software company and has been in the bitcoin mining business for two years. He used to pay for air conditioning to cool off the computers, but quickly realized there was a better use for the heat.

"When bitcoin came, they were an excellent proxy for what a server could do in terms of emulating heat, and whether we could use that heat for agricultural purposes," he said.

About a year ago, he opened his operationin the old Tin Lizzie Auto Museum and the former Grey Nuns convent located on Highway 26just west of Winnipeg

"From what we've seen so far, it looks like a popular move for the community," says Dwayne Clark,the Reeve of the RM of St.FrancoisXavier."It's already cleaned up what used to be an eyesore for a number of years."

The company is still experimenting withusing the heat from bitcoin mining in different ways. Right now, about one-quarter of the second floor is filled with computers and plants, but Hardy hopes to eventually fill the space.

Starting the operation would have been a lot more difficult without the bitcoin cash, said Hardy. The price of a bitcoin is hovering around $19,000 Cdn.

"The revenue from thosebitcoinshas helped me to keep staff on, it's helped me create these displays so we can showpeoplewhat we're doing in agriculture innovation," said Hardy.

Ways to use 'Manitoba's gifts'

Hardy hopes his operation becomes a place where people canresearch and develop sustainable food systems while programmers work with bitcoin technology.

Australian researchers and Chinese investors have expressed interest in his operation, he said.

Manitoba is prime location for electricity-intensive operations like this, said Hardy.

"Hydro is one of our best assets in the province," saidHardy.

Manitoba has the cheapest commercial hydro electricity rates in the country and among the lowest temperatures of major North American cities, making it attractive to bitcoin miners.

"If we can take our energy and use it here in Manitoba, we value-add that energy, and we can do all sorts of great things," he said.