Lease Approved By Washington Commission for Bitmain Mining

Lease Approved By Washington Commission for Bitmain Mining

Washington commissioners in Port of Walla Walla, have unanimously agreed on the purchase of 10 acres of land for utilization on a cryptocurrency mining project by Bitmain (Ant Creek LLC)  as reported by it local news Union Bulletin on April 13.

Upon the award of 10 acres an additional 30 acres was withheld. Commissioners stated that the small-scale operation will allow Ant Creek LLC a chance to establish itself before expanding their operation within the area.It would also add the additional benefit of giving the project time to earn support within the community.

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There were however concerns  by opponents of the project regarding the massive amount of electricity that Ant Creek would consume.Those who were present at the meeting felt that the 25 to 35 jobs promised by the operation outweigh the fact that it could consume more power. Total amount of power could be equivalent to 24000 residences, however one resident pointed out that the extraction of electricity could create wealth for the owner with no trickle down.

Les Tell, the CEO of Columbia Rural Electric Association Stated that there is more than enough electric capacity to meet demand for the project. He proclaims “ no matter what happens a year or 5 years from now, we are fully protected”

The mining project also meets the commission’s job and tax creation protocol. Ant Creek, would also be responsible for paying $2.5 million dollars for the roadway in order to gain access to the mining property.

The Union Bulletin report states that it’s unknown that the 10-acre plan will move forward. The altered terms of the proposal need to be approved by the applicant. The director of operations, Jeff Stearns left without a hint on whether the terms might be acceptable.

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