Cannabis Processing Giant Generation Hemp Sets Strategic Direction For Sustainable Energy Projects, First Project Involves Bitcoin Mining

U.S. hemp processing giant Generation Hemp will change its name to Evergreen Sustainable Enterprise (EGSE) in the coming weeks to highlight its aim to move into a new strategic direction of sustainable energy projects, the first of which involves bitcoin mining. As the first step in its sustainable energy bitcoin mining activities, Cryptorica, LLC, a wholly owned subsidiary of EGSE, has completed the acquisition of an 80% stake in Toro Energía Sociedad Anonima (Toro), a Costa Rican company that owns Costa Rica's hydroelectric power dam. The roughly one megawatt of electricity generated by the hydroelectric dam (six generators) will be used to power new bitcoin mining machines at extremely low cost. Toro's remaining 20 percent ownership will be retained by the same family that has owned and operated the dam for more than 30 years.