Texas Electric Utility Courts Unnamed Crypto Miners With Five-Year Deals
Feb 17, 2024
In a recent report, the community-driven, nonprofit electric provider in Texas, Denton Municipal Electric (DME), is attracting interest from several crypto mining companies seeking to establish operations. These companies are eyeing a five-year agreement for powering their mining activities.
On Feb. 16, the Denton Record Chronicle reported that a number of unnamed mining operations are pursuing partnerships with DME. Although the identities of these firms remain undisclosed, DME confirmed that discussions about leases have been ongoing for a year. The Chronicle’s Christian McPhate also reported on a potential five-year lease option, noting that DME’s spokesperson, Stuart Birdseye, was not able to provide the names of the interested miners.
