• Latest
  • Trending
  • All
  • Market Updates
  • Cryptocurrency
  • Blockchain
  • Investing
  • Commodities
  • Personal Finance
  • Technology
  • Business
  • Real Estate
  • Finance
Kentucky’s Bitcoin Boom Has Gone Bust

Kentucky’s Bitcoin Boom Has Gone Bust

May 27, 2025
Which cloud storage service should you buy in 2025? I compared the best options, and here’s my pick

I used Microsoft’s free Windows 11 battery health tool to diagnose my PC – and got helpful results

January 17, 2026
Analyst pours cold water on red-hot Lithium Americas stock

Lithium prices go parabolic, but Scotiabank warns it’s ‘Too Fast, Too Furious’

January 17, 2026
Dogecoin Founder Crashes Bullish Bitcoin Hopes, Casts Doubts On All-Time High Predictions

Dogecoin Founder Crashes Bullish Bitcoin Hopes, Casts Doubts On All-Time High Predictions

January 17, 2026
Retirees lack emergency savings to cover yearly unexpected expenses

Retirees lack emergency savings to cover yearly unexpected expenses

January 17, 2026
Elon Musk Calls Ryanair CEO ‘An Utter Idiot,’ Floats Buying the Company – Ryanair Hldgs (NASDAQ:RYAAY)

Elon Musk Calls Ryanair CEO ‘An Utter Idiot,’ Floats Buying the Company – Ryanair Hldgs (NASDAQ:RYAAY)

January 17, 2026
EUR/USD slips to 1.1600 as firm US data dampens Fed easing hopes

EUR/USD slips to 1.1600 as firm US data dampens Fed easing hopes

January 17, 2026
Three Reasons Why Bitcoin’s ‘Real Breakout’ Toward $107K Has Begun

Three Reasons Why Bitcoin’s ‘Real Breakout’ Toward $107K Has Begun

January 17, 2026
I saw the future of retail, and it’s all AI

I saw the future of retail, and it’s all AI

January 17, 2026
NYC may reinvest in Israel bonds in defiance of mayor Mamdani’s stance

NYC may reinvest in Israel bonds in defiance of mayor Mamdani’s stance

January 17, 2026
Bonebreaker Core System – “RAPID FIRE MODE” Preset (Video + Settings) – Analytics & Forecasts – 16 January 2026

Bonebreaker Core System – “RAPID FIRE MODE” Preset (Video + Settings) – Analytics & Forecasts – 16 January 2026

January 17, 2026
Trump says he ‘greatly respects’ that Iran have been cancelled

Trump says he ‘greatly respects’ that Iran have been cancelled

January 17, 2026
Bitcoin ETFs See $1.42B Inflows as Institutional Demand Rebuilds

Bitcoin ETFs See $1.42B Inflows as Institutional Demand Rebuilds

January 17, 2026
Saturday, January 17, 2026
No Result
View All Result
InvestorNewsToday.com
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech
InvestorNewsToday.com
No Result
View All Result
Home Technology

Kentucky’s Bitcoin Boom Has Gone Bust

by Investor News Today
May 27, 2025
in Technology
0
Kentucky’s Bitcoin Boom Has Gone Bust
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Her skepticism is rooted in lived expertise: In October 2000, an enormous coal slurry spill from a mine web site upstream poisoned the Coldwater Fork stream, which runs behind her home. Individuals in Inez couldn’t drink water from the faucet for months.

“These of us residing downstream did not hear about it for some time, however the faculty system needed to shut down for a couple of week till they obtained an alternate water supply,” she says.

To today, many in Inez nonetheless don’t belief the faucet water.

So when McCoy hears the hype about AI, she hears one thing else: one other promise that comes with a value. “We’ve allowed these individuals to be known as job creators,” she stated. “And I don’t care if it’s AI or crypto or no matter, we bow all the way down to them and allow them to inform us what they’ll do to our group as a result of they’re job creators. They’re not job creators, they’re revenue makers.”

And the revenue leaves a footprint.

AI information facilities demand staggering quantities of power—a ChatGPT search makes use of as much as 10 instances extra power than an everyday Google one—and so they run sizzling. To maintain them cool, these services eat billions of gallons of water yearly. Most of that evaporates, however residents are cautious as a result of they’ve had issues with services and their runoff previously, in order that they fear these new services might have an effect on fish and disrupt the land. The very issues the residents of Kentucky hope to protect.

Nonetheless, some locals see potential, even progress.

“AI is in all the pieces that we do,” stated Wes Hamilton, an area entrepreneur who did his fair proportion of crypto mining in Kentucky in its heyday. “Siri, ChatGPT, robotics—all the pieces you may think about has to have AI,” he stated. “Bitcoin is a one-trick pony. You create it. The one individual that will get paid is the proprietor of the machines.”

Hamilton claims there’s a path ahead the place information facilities herald traders, engineers, possibly even firms keen to remain. All of the AI individuals on this planet can be steaming into Kentucky, Hamilton says. And whereas he admits to dropping a fortune in crypto ventures previously, he claims that is completely different.

When Bitcoin first arrived, lawmakers supplied beneficiant tax breaks to lure miners. Firms investing greater than $1 million have been exempted from paying gross sales taxes on {hardware} and electrical energy. After which, in March 2025, Kentucky governor Andy Beshear took all that and went a step additional by signing a “Bitcoin Rights” invoice into legislation.

The laws, forged as a protection of non-public monetary freedom, is designed to enshrine the correct to make use of digital property in Kentucky. An earlier draft went additional, aiming to bar native governments from utilizing zoning legal guidelines to limit crypto mining operations—a provision that drew resistance from environmental teams. That language was finally tempered, however the intent stays: to sign that, in Kentucky, digital extraction can preserve buzzing.

Which is why we discovered ourselves outdoors this facility in Campton, observing this semicircle of steel buildings nestled within the bushes. The mines run all night time and all day, even Sundays. And the query some are asking now, with bitcoin hovering round $100,000 and large miners speaking about pivoting to AI, is whether or not bitcoin mining will get a second wind in Kentucky.

Mohawk’s bitcoin mining could even make a comeback. Anna Whites stated the events are supposed to enter arbitration Might twelfth. “I’m hopeful,” she instructed us. “I’m very hopeful that they sit down and say, ‘Mighty good plant you’ve gotten there. Let’s simply go forward and switch it on.’”



Source link

Tags: BitcoinBoombustKentuckys
Share196Tweet123
Previous Post

Private equity portfolios underperform at big Canadian investors

Next Post

Ukraine Can Now Target Russian Bases With Western Missiles—But How Many Remain?

Investor News Today

Investor News Today

Next Post
Ukraine Can Now Target Russian Bases With Western Missiles—But How Many Remain?

Ukraine Can Now Target Russian Bases With Western Missiles—But How Many Remain?

  • Trending
  • Comments
  • Latest
Want a Fortell Hearing Aid? Well, Who Do You Know?

Want a Fortell Hearing Aid? Well, Who Do You Know?

December 3, 2025
Private equity groups prepare to offload Ensemble Health for up to $12bn

Private equity groups prepare to offload Ensemble Health for up to $12bn

May 16, 2025
The human harbor: Navigating identity and meaning in the AI age

The human harbor: Navigating identity and meaning in the AI age

July 14, 2025
Lars Windhorst’s Tennor Holding declared bankrupt

Lars Windhorst’s Tennor Holding declared bankrupt

June 18, 2025
Why America’s economy is soaring ahead of its rivals

Why America’s economy is soaring ahead of its rivals

0
Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

Dollar climbs after Donald Trump’s Brics tariff threat and French political woes

0
Nato chief Mark Rutte’s warning to Trump

Nato chief Mark Rutte’s warning to Trump

0
Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’

0
Which cloud storage service should you buy in 2025? I compared the best options, and here’s my pick

I used Microsoft’s free Windows 11 battery health tool to diagnose my PC – and got helpful results

January 17, 2026
Analyst pours cold water on red-hot Lithium Americas stock

Lithium prices go parabolic, but Scotiabank warns it’s ‘Too Fast, Too Furious’

January 17, 2026
Dogecoin Founder Crashes Bullish Bitcoin Hopes, Casts Doubts On All-Time High Predictions

Dogecoin Founder Crashes Bullish Bitcoin Hopes, Casts Doubts On All-Time High Predictions

January 17, 2026
Retirees lack emergency savings to cover yearly unexpected expenses

Retirees lack emergency savings to cover yearly unexpected expenses

January 17, 2026

Live Prices

© 2024 Investor News Today

No Result
View All Result
  • Home
  • Market
  • Business
  • Finance
  • Investing
  • Real Estate
  • Commodities
  • Crypto
  • Blockchain
  • Personal Finance
  • Tech

© 2024 Investor News Today