RATE Group | U.S. Senator Warns Closing Montana Coal Plant Will Hurt Bitcoin Mining Industry
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U.S. Senator Warns Closing Montana Coal Plant Will Hurt Bitcoin Mining Industry

U.S. Senator Warns Closing Montana Coal Plant Will Hurt Bitcoin Mining Industry

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Steve Daines bitcoin mining

The junior United States Senator from Montana, Steve Daines, has warned that the planned closure of a coal power generator could harm the booming bitcoin mining business in the state. According to KULR-TV, all the four units of the Colstrip coal plant located in Rosebud County are expected to shut down by 2027.

In Senator Daines’ view, reliable low-cost energy is necessary for Montana to retain and continue attracting new bitcoin mining companies.

“As the demand for Bitcoin miners increases and supply of cheap, reliable electricity from coal generation decreases, this could pose a threat of the expansion of Bitcoin generation and even greater threat to energy supply and prices for Montana as a whole,” said Senator Daines during a U.S. Senate Energy and Natural Resources Committee meeting.

Low Operating Costs

coal bitcoin mining
Source: Shutterstock

Besides the low energy costs, the naturally-cold temperatures have also served to make the state of Montana a favorite with bitcoin mining…

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