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A report from Earthjustice found that Kentucky produces the most carbon dioxide emissions from cryptomines of any state in the U.S.
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The Kentucky Public Service Commission approved a special contract allowing a cryptomining facility in Pike County to receive discounted electricity from Kentucky Power, even though the utility won’t have the capacity to meet existing customers’ demand in 2026.
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State utility regulators have approved a 10-year power contract for a $25 million cryptomining facility on a former coal mine in Union County. It’s the first of three large, discounted energy contracts for crypto facilities under review by state utility regulators.
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Cryptocurrency mining is a burgeoning industry that investors see as a cutting-edge economic opportunity. But critics say it’s compounding the world’s preeminent crisis – climate change.
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Gov. Andy Beshear signed 29 more bills into law on Thursday, including a measure doing away with Kentucky’s automatic transfer law, which requires minors…