A so-called "cryptocurrency mining" company will reportedly invest $165 million and hire about 150 in Massena.
WWNY 7 News reports a company within Coinmint wants to set up shop at an old factory site. Bitcoin has become popular in the last couple of years, being traded on financial markets but lacking actual government backing.
According to 7, Bitcoin is "mined" online using special computer software designed to solve "math problems."
There is no word on when the business will open, as state officials are still reviewing the proposals.