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Bitcoin mining operation in Electric City could face higher electricity rates

 

Crews have been working on converting a former welding shop in Electric City into a bitcoin mining operation. - Jacob Wagner photo

In the face of requests for power that total more than three times what they typically sell, Grant County PUD is considering raising electricity rates for "evolving industries" that suck up a lot of power, such as bitcoin mining operations.

Atlas Blockchain Group Inc, formerly Atlas Cloud, is a Canada-based company that purchased the former Young's Welding building in Electric City to house such a facility, a decision made to take advantage of Grant County PUD's low electricity rates.

Blockchain is a technology that, according to the company's website, enables "users to send money directly...



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