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Kentucky bill to provide tax breaks for local crypto miners

Kentucky bill to provide tax breaks for local crypto miners Kentucky needs to attract more crypto mining businesses by offering tax breaks, local lawmakers believe. 11867 Total views Lawmakers in Kentucky are looking to impose tax breaks for local cryptocurrency miners. Kentucky lawmakers on Tuesday approved several state tax breaks including House Bill 230, which would remove the sales tax from electricity purchased by local crypto mining operators. According to a report by the Lexingto...
United States Steven Rudy Kentucky Senate House Bill Lexington Herald Leader Blockware Mining

Kentucky Offers Tax Exemption to Attract Crypto Miners

Reading Time: 2 minutes by Anthonia Isichei on March 4, 2021&nbspRegulation Lawmakers in the U.S. state of Kentucky recently approved a bill that would exempt cryptocurrency miners from paying taxes.  Crypto Mining Tax Exemption Bill Receives Majority Support According to local news outlet the Lexington Herald-Leader on Tuesday (Mar. 2, 2021), the House Budget committee of the Kentucky General Assembly approved Bill 230, which sought to remove taxes on electricity purchased for commercial cr...
United States Steven Rudy Chris Freeland Democratic Party Kentucky Offers Tax Exemption Attract Crypto Miners

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Kentucky Lawmakers Advance Data Centers Incentives Bill

Kentucky Lawmakers Advance Data Centers Incentives Bill Kentucky state lawmakers on Tuesday approved new state tax breaks potentially worth millions of dollars in hopes of luring large high-tech facilities that would provide an unknown number of jobs. by John Cheves, Lexington Herald-Leader / March 3, 2021 (TNS) — Kentucky lawmakers on Tuesday approved new state tax breaks worth millions of dollars in hopes of luring large high-tech facilities ...
United States Marshall County East Bernstadt Robert Goforth Josie Raymond Steve Delbianco

RIOT Stock Up 7% in Pre-market, Mason Jappa Joins Riot Blockchain Advisory Board

RIOT Stock Up 7% in Pre-market, Mason Jappa Joins Riot Blockchain Advisory Board Jan 14 2021 · 14:09 UTC | Updated Jan 14 2021 · 16:08 by staff writer · 3 min read Photo: Depositphotos You have successfully joined our subscriber list. In the last two years, Riot has already made several additions to its board of directors. According to a statement released by Riot Blockchain Inc (NASDAQ: RIOT), the Chief Executive Officer of Blockware Solutions Mason Jappa would be joining the advisory b...
United States Remo Mancini Swan Bitcoin Cory Klippsten Pierre Rochard Yan Pritzker

From mom's house to warehouse: Bitcoin mining is going industrial

Analysis Bitcoin mining started out as a small endeavor taken on by a few individuals repurposing home computers to mint virtual coins that were, at the time, almost worthless. Fast forward to 2020, and Bitcoin (BTC) mining has become a formidable industry of its own, constantly growing and evolving alongside Bitcoin itself. Today, the Bitcoin network’s hash rate is sitting at around 129 EH/s, acting in a similar way to the price of Bitcoin, even following the halving in October this yea...
United States James Bennett Sam Chwarzynski Whit Gibbs Mason Jappa Neil Van Huis

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