USK, Washington — The owners of the defunct Ponderay Newsprint Mill plan to sell its equipment at auction next month after years of empty promises to reopen what had been one of the largest employers in northeast Washington. The sprawling 927-acre property in Usk has 29 buildings and storage facilities. It is situated adjacent to the Pend Oreille River and the Pend Oreille Valley Railroad. Instead of making paper or reconfiguring the mill to make cardboard, as the new owners promised multiple times in public hearings, the site has produced nothing for the past several years. Instead the owners used vast amounts of electricity to run computers mining for cryptocurrency. The paper mill previously was owned by Lake Superior Forest Products, a subsidiary of Quebec-based Resolute Forest Products, and five major U.S. publishers. They declared bankruptcy in 2020, ending the jobs of about 140 workers. Now that equipment is being listed by Capital Recovery Group to be viewed on July 21 with online auctions to commence on July 22 and July 23.