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Why municipal electric utilities seek deals with cryptocurrency miners

Utilities in Texas and eastern Washington see the benefit of serving the power hungry operations. ....

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With its new cryptocurrency mining business on city land, Denton is suddenly a crypto player

With its new cryptocurrency mining business on city land, Denton is suddenly a crypto player
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Environmental News For The Week Ending 20June 2019

Environmental News For The Week Ending 20June 2019
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Months After Historic Winter Storms, Denton Energy Center Still Working on Repairs

“Primarily when the gas pressure dropped from the facility, we were down for about 24 hours. During that period of time, our radiators and other components started to freeze over, and started to become damaged,” said Tony Puente, Executive Manager of utilities, for the City of Denton.
The city took ERCOT to court - and sued after it got hit with a $200 million dollar electricity bill for four days of use.
Puente says no changes have been made, but there are recommendations to try to prevent another widespread outage.
“In the next few months, we will be coming back to City Council with some cost proposals, and some impacts on what that might mean for the city electric fund, and then ask them for authorization to move forward on some of those recommendations,” said Puente. ....

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