Indiana coal plant sold to crypto mining company, raising pollution and cost concerns
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A 40-year-old Indiana coal plant slated for closure was sold to a coal company and will remain open to help power a new crypto mining facility being built onsite.
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Environmental and consumer advocates are concerned the coal plant and crypto mine will cause continued pollution and potentially higher electricity bills.
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The relationship between the coal plant's new owner and the crypto company remains unclear, as they have made contradictory statements and refused transparency.
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The coal plant has a history of environmental violations, harming local air and water quality, which advocates warn will continue operating.
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It is unknown if the crypto facility is receiving subsidized power that could raise rates for local households, or if it will strain the grid rather than provide stability.