in

Kentucky regulator denies plan for subsidizing crypto mining facility

In an Aug. 28 order, the commission denied a contract between Ebon International and the Kentucky Power Company that involved a $50 million investment in a crypto mining facility in the city of Louisa. According to the filing, Ebon planned to run a 100-megawatt (MW) mining operation until 2024, then increase the load to 250 MW.

Continue Reading on Coin Telegraph


Source: Cryptocurrency - investing.com

Bank deposits, lending rise in latest week, Fed data show

Balancer protocol exploited for $900K as DeFi hacks mount: Finance Redefined