The new Spanish company CryptoSolarTech had planned praiseworthy things: the construction of a crypto-mining plant that covers its energy supply with only solar energy. Launched last summer, the ICO had raised $ 68 million. Now the project fails due to a missing construction permit. However, CryptoSolarTech promises investors a refund of their funds.
From the successful ICO to the loser of the year.
In June 2018, the new Spanish company CryptoSolarTech launched an ICO to build a solar-powered mining farm. The idea of exploiting Bitcoin & Co. in an environmentally conscious way, apparently had a lot of open ears at the bottom of critical voices regarding the high energy requirements of the mining farms. Although the total goal was only 900,000 euros, the start-up could raise a total of 68 million US dollars, in less than two…