Blockware Mining provides Kentucky Legislature with briefing on Crypto Mining
Company presents with Greater Paducah Economic Development to Interim Joint Committee Economic Development & Workforce Investment
Recording and transcript of presentation and Q&A available
On October 21, 2021 Blockware Mining, one of North America’s fastest-growing Bitcoin mining companies, presented on the topic of crypto mining to the Interim Joint Committee Economic Development & Workforce Investment of the Kentucky General Assembly. The informational presentation was made to help the committee understand how crypto mining businesses work and factors involved in location decisions.
The presentation was conducted at the invitation of the committee, and included a Q&A from committee members. Presenters were Bruce Wilcox President and Chief Executive Officer of Greater Paducah Economic Development, Michael Stoltzner, President and CEO of Blockware Mining, Jeremy Witten as Executive Vice-President of Engineering.
The presentation was well received by committee members.
“I appreciate Michael Stoltzner's testimony before the legislature’s Interim Joint Committee on Economic Development. As Kentucky continues to look for ways to lead the nation in crypto mining, having industry leaders such as Blockware Mining share their experience provides a valuable example for what the state has to offer these companies. We look forward to the continued partnership with them,” said Senator Wil Schroder, Co-Chair Interim Joint Committee Economic Development & Workforce Investment.
"I greatly appreciate Blockware Mining coming before our committee and giving clarity to what Crypto could mean for economic development in KY," said Senator Robby Mills.
Representative Russell Webber and Co-Chair of the Committee said, “Kentucky is committed to building a strong economy with a diverse foundation that includes cryptocurrency and blockchain mining. We have passed legislation that makes our state even more inviting for this industry and we will continue to look at ways to keep Kentucky at the top of the list being considered by mining companies.”
Topics included in the presentation were:
● Availability of power and reliability of power grid in Kentucky as conducive to crypto mining industry
● How crypto mining can help reduce energy waste and costs
● Expected economic impact and employment
● How Blockware Mining built its business in Kentucky
● What states can do to be attractive to Crypto Mining
To view the presentation click here
A transcript of the presentation is available
About Blockware Mining, Inc.
Blockware Mining is a diversified Bitcoin mining infrastructure and colocation service provider headquartered in Chicago, IL. Blockware Mining offers clients one of the most competitive hardware and hosting packages to get miners up and hashing using the latest generation mining equipment. For more information, visit www.blockwaremining.io.