Incentives for Bitcoin mining operation run by Kentucky’s largest coal producer gets regulator’s OK

BY: - August 9, 2023

Kentucky’s utility regulator has approved more than $4 million in electricity cost discounts over several years for a Bitcoin mining operation being run by Kentucky’s largest coal producer. The Kentucky Public Service Commission (PSC) in its Monday order said the economic development incentives offered by Louisville Gas and Electric and Kentucky Utilities (LG&E and KU) […]

As Kentucky’s largest coal producer mines Bitcoin, its power discounts draw scrutiny

BY: - June 13, 2023

Union County in Western Kentucky has been the state’s top coal-producer for years, mining more than 10 million tons in 2022. Something else is being mined in Union County: Bitcoin. In both cases, the mining is done by Alliance Resource Partners (ARP) headed by Joseph Craft III, whose wife Kelly Craft, just lost an expensive […]