BOISE (Idaho Statesman) – Cryptocurrency miners are flocking to Idaho for its cheap power. State authorities say the additional energy demand is placing a burden on the entire electrical grid.
In fact, Idaho Power asked the Idaho Public Utilities Commission to create a new customer class for large-scale crypto miners, said Jordan Rodriguez, a spokesperson for Idaho Power.
The new classification was approved in June, according to a PUC spokesperson, but a Puerto Rican crypto mining company called GeoBitmine requested reconsideration. The PUC is now taking comments on that petition.
“These customers have the potential for significant energy demand, which could require Idaho Power to build additional infrastructure,” Rodriguez said by phone.
GeoBitmine said in its argument for reconsideration that the new customer class is discriminatory and would halt its plans to develop a crypto-mining operation at an idled J. R. Simplot Co. potato processing plant in Aberdeen that would use waste...
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