Kentucky Utility Lures Bitcoin Farms with Discounted Electricity

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Bitcoin miners are snapping up discounted electricity incentives created offered by a utility to attract load to eastern part of the state. The program is so attractive that the utility is now building new transmission lines to serve the load.

In filings with the Kentucky Public Service Commission, Kentucky Power, identified 10 year Economic Development Rider (discounted) power deals with crypto miners Cyber Innovations Group and Discover AI LLC as justification expand the transmission system.