Small Washington Town Is Becoming A Bitcoin Mining Epicenter

Wenatchee is home to a dozen of the largest Bitcoin miners, becoming something of an epicentre. It appears a steady stream of investors are discovering the town as an optimum place to mine. Steve Wright, the head of the local power utility, says that another 75 have inquired about coming to the town:

We’ve come from just a few people out there who have been knocking on the door to all of a sudden to people who are banging on the door pretty loudly.

Bitcoin mining is known to be energy-consuming. But miners here appear not to have this problem. Power is extremely cheap for the town— only 2 to 3 cents per kilowatt hour.

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