Jefferson County bitcoin mine is built but some residents are worried. Sketchy at best.

Image for article Jefferson County bitcoin mine is built but some residents are worried. Sketchy at best.
News Source : STLtoday.com

News Summary

  • Some Jefferson County residents say the plan has remained under the radar.
  • They are concerned about adding an energy-intensive facility to the local power grid.
  • And they harbor distrust about the industry because, for example, some authorities view cryptocurrencies as a top money laundering threat.
  • The National Guard has given a preliminary OK to the project but still must grant the project an easement as the final piece of approval, through state officials.
  • In St. Charles, a push by an unnamed tech giant to build a huge data center there was scrapped last month amid strong public opposition.
HEMATITE Off a quiet gravel road in Jefferson County sits a new mining facility thatwill use massive amounts of electricity to operate. It awaits one final step of governmental approval before it c [+6560 chars]

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