Blockware McCracken County facility

From Global Energy Monitor
Part of the Cryptomining Tracker, a project by FracTracker & Global Energy Monitor.
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Blockware McCracken County facility is an under construction 100 MW cryptocurrency mine, located in McCracken County, Kentucky.

Location

The map below shows the location of the Blockware McCracken County facility cryptocurrency mine.

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Background

The Blockware McCracker County facility is currently under construction and is expected to have a capacity of 100 MW when finished. The facility will source its power from the regional utility, Big Rivers Electric Corporation, which is located a mere 100 yards away from the site. [1] The energy source is expected to be a mix of renewable and nonrenewable sources such as wind, hydroelectric, and coal. While coal use is particularly contentious given its harmful impact on the climate, it remains a cheap and available energy source in the county, making it attractive to miners. Reportedly, the utility is investing $12 million to update its infrastructure to better service the cryptomining facility.[2]

Kentuck has become a particularly attractive location for cryptomining operations since Governor Andy Beshear signed legislation giving out a variety of tax incentives to the industry into law in March 2021. State legislators see cryptomining as an important opportunity for economic growth and development within the state. However, the majority of the jobs created from cryptoming facilities are temporary construction jobs while the facilities only employ a handful of individuals as permanent, full-time workers when operations commence.[3]

Project Details

  • Power usage (MW): 100 MW (Expected)
  • Owner: Blockware
  • Parent:
  • Location: 5600 Commerce Dr, Paducah, KY 42001
  • Coordinates: 37.08831, -88.70305 (EXACT)

Articles and Resources

References

  1. "Blockware Raises $25M to Expand Bitcoin Mining Operations in Kentucky". CoinDeck. June 20, 2021. Retrieved June 17, 2022.
  2. "A new kind of 'mining' has arrived in the Ohio Valley. What will crypto mean for the region?". Ohio Valley Resource. April 25, 2022. Retrieved June 17, 2022.
  3. "A new kind of 'mining' has arrived in the Ohio Valley. What will crypto mean for the region?". Ohio Valley Resource. April 25, 2022. Retrieved June 17, 2022.