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A U.S. state regulator has taken quite a “bold step against crypto mining.
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The state regulator recently rejected a “crypto mining subsidy.”
Kentucky’s regulator denied a proposed contract that would have green-signaled a crypto mining firm to get a discounted rate on electricity facilities by the power company. The Public Service Commission (PSC) of the state of Kentucky has denied a proposed contract with the Kentucky Power Company. This would have allowed Ebon International to receive a discounted rate for service at its crypto mining facility over a decade.
The Denial of A Crypto Mining Subsidy
According to the official PSC order released on August 28, 2023, PSC “denied a contract between Ebon International and the Kentucky Power Company.” This contract further involved “a $50 Million investment in a crypto mining facility in the city of Louisa.”
Additionally, Ebon planned to run a 100-megawatt (MW) mining operation until 2024. It
We współpracy z: https://www.thecoinrepublic.com/2023/09/02/this-us-state-regulator-denies-proposal-related-to-crypto-mining/
