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With vote looming on Bitcoin mine lawsuit, company shares information | WJHL

admincrypto by admincrypto
November 23, 2022
in Bitcoin
With vote looming on Bitcoin mine lawsuit, company shares information | WJHL
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JONESBOROUGH, Tenn. (WJHL) — The operator of a controversial Limestone Bitcoin mine says it will use quieter technology to cool the mine’s high-powered computers — and create six to 10 jobs — if Washington County commissioners okay a move to the Washington County Industrial Park (WCIP).

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Those claims are part of a two-page memo Red Dog Technologies’ CEO Trey Kelly sent to Washington County attorney Allyson Wilkinson Nov. 16. Wilkinson shared the memo with the 15 commissioners who are set to vote Monday on whether to approve a settlement in their lawsuit against Red Dog and local utility BrightRidge, which leases land to Red Dog and sells it power.


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At least one commissioner, who said in a Nov. 3 committee meeting he’d like to see more specifics about the proposal, said the memo didn’t tell him much he doesn’t already know. The county’s Commercial, Industrial and Agricultural (CIA) committee recommended in that meeting that the full commission deny the settlement proposal and send the matter back to court.

The Washington County, Tenn. Commission’s lawsuit against Bitcoin mine operator Red Dog Technologies — whose Limestone facility is shown here — has a proposed settlement agreement commissioners will consider Nov. 28. (WJHL Photo)

“As of this moment I have received no new information,” David Tomita told News Channel 11 Wednesday. “I’ve heard a lot of reiteration of information we’ve already been given but nothing new. There’s really nothing new in that document.”

GRIID provided the two-page memo to News Channel 11 Tuesday after a request for comment or information on the proposal. It addresses noise concerns, electricity consumption and other questions related to the mine’s impact on other BrightRidge customers, and what the memo called “multiple benefits to us being in the community.”

The lawsuit has been on hold…

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