Generation Hemp, Inc. announced the collaboration with Crypt Solutions, Inc., to build Green Energy plants and Bitcoin mining complexes that will utilize hemp feedstock as a fuel source to power the mining equipment. Plans for this complex also include Generation Hemp's additional hemp drying and processing facilities. With the prolific adoption and integration of cryptocurrency in mainstream channels and throughout the global economy, there has been an enormous draw on the energy grid for powering the necessary data processing equipment required to maintain these cryptocurrency mining systems 24/7. Generation Hemp, Inc. and Crypt Solutions, Inc. have begun to assemble the necessary pieces of a Green Energy plant to create an independent power source for the primary purpose of powering Bitcoin mining in an effort to resolve any added pressure on the electrical grid.

Environmentally sustainable hemp, a green feedstock, will be used for Btu generation. As the site of Generation Hemp's second hemp drying and processing outpost, the team also plans to explore harnessing the high levels of heat generated from the data processing operations produced from Bitcoin mining equipment and redistribute that heat as supplemental Btus to dry hemp. As a renewable energy source with the utilization of hemp feedstock for fuel, all steps will be taken to register the current facility in development for Renewable Energy Credits (RECs) once the facility is completed and operational.

Contributing renewable, Green Energy to the overall electrical grid will help electric power suppliers stay in compliance with state initiatives that require a certain percentage of their electricity to come from renewable energy, which helps foster and develop the infrastructure and implementation of renewable energy. These RECs also have the potential to become a valuable asset of the project, as RECs can be sold in the marketplace to companies in need of credits for their respective businesses. With Generation Hemp's current hemp supply, which is the largest in the U.S., the company's access to hemp farming acreage, along with its expertise in facility operations, the company provides critical elements for the success of this collaboration.

Chairman and CEO of Generation Hemp, Inc., Gary C. Evans, has previously owned and managed several biomass plants, which brings significant expertise to the project as a whole. Crypt Solutions, Inc. brings years of expertise in cryptocurrency, specifically cryptocurrency mining, a deep understanding of the equipment and operations, along with an outstanding reputation and well-established relationships spanning the globe.