Kentucky regulator denies plan for subsidizing crypto mining facility

The Public Service Fee of the state of Kentucky has denied a proposed contract that will have allowed a mining agency to obtain a reduced charge on electrical energy offered by the facility firm.

In an Aug. 28 order, the fee denied a contract between Ebon Worldwide and the Kentucky Energy Firm that concerned a $50 million funding in a crypto mining facility within the metropolis of Louisa. In keeping with the submitting, Ebon deliberate to run a 100-megawatt (MW) mining operation till 2024, then improve the load to 250 MW.

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