Companies file suit against PUD
They allege “fear and loathing” of cryptocurrencies caused overreaction
Last updated 2/13/2019 at 10:06am
Companies in Grant County that “mine” cryptocurrency with high-powered computers have filed a lawsuit against Grant PUD, whose commissioners voted in 2018 to raise electric rates for the emerging industry.
The companies say they chose to locate their businesses in Grant County because of the cheap power rates, and that increased rates will inevitably hurt their businesses. They are seeking...