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WEKU
WEKU
Ryan Van Velzer

Environmentalists and Ky. AG want to pump the brakes on a massive crypto mining facility. Why?

An international company that mines cryptocurrency wants to build a $250 million facility beside a natural gas power plant in eastern Kentucky, but state utility regulators want the proposed 10-year deal to sit tight while they investigate what it could mean for ratepayers.

Kentucky Power filed for approval of a special contract with the crypto operation Ebon International in late October saying the deal would benefit the community and lower bills for ratepayers.

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