The enthusiasm for crypto mining in some US states with cheap electricity continues to wane, with another Washington state electricity utility deciding to take measures against the rising industry.
Capital Press, a Washington state weekly, reports that the Grant County Public Utility District (PUD) in the central parts of the state, decided to hike the prices for the cryptocurrency mining operations and “evolving-industry firms” that fall within its service area. The decision has been taken by a unanimous vote, that was preceded by a year-long study on the eventual impact the crypto mining industry might have on the Grant county power grid and prices.
The adoption of the new Rate 17 last week by the Grant County PUD commissioners means that large consumers such as crypto mining companies will face a three-year price hike, depending on their consumption.
Fortress Blockchain Corp, which has a crypto mining facility in Grant County, is...
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