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Missoula County, Montana places moratorium on cryptocurrency mining; businesses fear losses

April 4, 2019 /

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Crypto currency energy usage

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Dan Stivers, the mining operations manager at HyperBlock, accused Missoula County of hypocrisy, saying it remains powered in part by eastern Montana coal while his company has already secured 100 percent renewable electricity. (Martin Kidston/Missoula Current)

One day after pledging to bring 100 percent renewable electricity to the Missoula urban area by 2030, Missoula County commissioners on Thursday cited a public emergency and placed a temporary moratorium on new or expanded cryptocurrency operations.

Commissioners said the emergency zoning measure wasn’t targeted to a specific industry or business. But only one cryptocurrency operation exists in the county, that being HyperBlock, which said it could go out of business under the weight of the county’s moratorium.

“You’re really targeting one business and that’s the only business that exists that will be impacted by these regulations,” said James Bowditch, an attorney representing HyperBlock.

 

By Martin Kidston


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