Vespene will use the fresh capital to launch its pilot site in California, making it the first company to convert wasted landfill methane into Bitcoin, the company said. One Vespene module will take about four to six months to establish. Each module will have a power capacity of about 1.5 megawatts (MW) and eliminate 270,000 metric tons of CO2-equivalent per year, Vespene added.

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