The recent experience of Bitcoin mining in Kentucky has highlighted how an emerging sector can ignite hopes of economic revival for an entire region, but also reveal itself as a bubble destined to deflate quickly.
With the shift to digital, uncertainty and opportunity intertwine, while attention moves from traditional financial assets like bitcoin towards new technological frontiers such as data centers dedicated to artificial intelligence (AI).
Kentucky and bitcoin: a fleeting mining boom
In 2021, Kentucky was at the center of attention for its growth in the field of bitcoin mining.
This activity, which consists of using computing power to validate transactions and create new coins, has found fertile ground in a state traditionally linked to coal.
Its large availability of low-cost electricity and available infrastructure attracted numerous mining operations. In that year, in fact, Kentucky contributed about 20% to the overall computing power dedicated to bitcoin m
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