Skip to main content
You have permission to edit this article.
Edit
editor's pick top story

Cryptocurrency projects power economic development efforts

  • 0
PADNWS-07-10-21 BITCOIN - PHOTO 1

This is what the inside of a bitcoin mining facility looks like, with mining rigs (computer systems used for mining bitcoins) about the size of two shoeboxes put on top of each other.

Factors contributing to the recent announcement of a $50 million investment in Paducah by a technology-based company specializing in cryptocurrency mining have local officials excited about landing similar projects in the future.

Blockware Mining Inc., a Chicago-head-quartered company, has bought five acres in Paducah’s Industrial Park West and hopes to break ground in the not-too-distant future.

PADNWS-07-10-21 BITCOIN - PHOTO 2

Blockware Mining has bought five acres of land in Paducah’s Industrial Park West to build its new bitcoin mining facility. The company will be investing $50 million and hiring 20 new employees over the next 24-36 months.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Thank you for reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.