600 MW RE Project For Bitcoin Mining & AI Datacenter

US-based renewable energy developer Green Minting Technologies (Mint) has secured an investment commitment of up to $150 million from GEM Digital. It will use the funds to develop a 600 MW off-grid renewable energy-powered Bitcoin mining and artificial intelligence (AI) data center project.  

While it does not specify the renewable energy technologies to be used for this project, Mint says it deploys wind and solar power generation for its own on-site, off-grid cloud computing infrastructure. 

As part of the 600 MW project, it plans to dedicate a portion of the infrastructure to develop a tier III/IV datacenter to host Graphics Processing Units (GPU) and power AI tools alongside its core Bitcoin mining operations. 

Mint said that the facility is planned to operate entirely on renewable energy and provide cloud computing capacity for Bitcoin mining as well as AI applications. It added that the company’s $MINT token will allow users to buy computing power – whether for mining Bitcoin or running AI programs – at lower costs using clean energy. 

It also plans to sell its $MINT tokens on major crypto exchanges through an Initial Exchange Offering (IEO). From this sale, the company aims to raise an additional $400 million. 

The company says it wants to make the Bitcoin mining landscape more affordable and accessible to ordinary people through its $MINT tokens.  

“Mint is re-democratizing the Bitcoin mining landscape by fractionalizing the energy and computing infrastructure into $MINT Tokens,” explained Mint CEO and Co-Founder, Alex Wey. “Through this partnership with GEM, we can deploy our $MINT Tokens to enable individual users to gain the benefit of renewable, scaled operations - without the upfront costs associated with developing utility-scale energy generation and datacenter infrastructure. Bitcoin mining can now be powered by the masses once again, thanks to the $MINT Token.” 

Bitcoin mining is an energy-intensive process, which means more emissions. Hence, Bitcoin miners are interested in renewable energy generation. According to an April 2025 Cambridge Digital Mining Industry Report, the use of sustainable energy sources for Bitcoin mining has risen to 52.4%, including 42.6% renewable energy, compared to an estimated 37.6% in 2022. According to the report’s findings, electricity accounts for over 80% of miners’ cash-based operational expenses, with reported median costs of $45/MWh for electricity only, and $55.5/MWh all-in. 

At the same time, an International Energy Agency (IEA) report of April 2025 projects that electricity demand from data centers – driven largely by AI – is set to more than double by 2030 to around 945 TWh, higher than the entire electricity consumption of Japan today. Renewable energy is expected to provide a growing share of this supply along with natural gas due to their cost-competitiveness and availability in key markets.