WASHINGTON COUNTY, Tenn. — The vote at Monday night time’s Washington County fee assembly marked the start of the top for folks dwelling near the cryptocurrency mine on Bailey Bridge Highway.
After years of litigation between Washington County, mine operator Pink Canine Applied sciences, and landlord BrightRidge, there’s now a agency date when the mine should shut: March 28, 2026. Residents within the space have mixed emotions.
“Properly, I wasn’t blissful. I used to be not blissful,” Carolyn Broyles stated. “It is most likely the very best we might do contemplating we’re a small group, they have loads of assets together with cash, and so they might battle us ceaselessly.”
Broyles stated she’s glad to see an finish however sad with the phrases.
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The settlement contains incentives for an earlier closure: a $25,000 lump sum cost plus $200 for daily it stays open. However the concept of probably listening to the mine for two-and-a-half extra years does not sit properly.
“In litigation, that kind of factor, it isn’t lengthy, however when you’re an older resident like me, it is lengthy,” Broyles stated. “Most of my neighbors, we’re happy we are able to see the top of this. It simply got here all the way down to me, the equity of it, the best way we had been handled, the best way we have been handled.”
Information 5 was unable to achieve Pink Canine Applied sciences or its dad or mum firm Griid Infrastructure.
In a press release, BrightRidge CEO Jeff Dykes stated, “We’re grateful to the residents of New Salem and Limestone in addition to the Washington County Fee and workers for his or her persistence and assist for shifting ahead collectively as a group to resolve this matter. Actually, we intend to proceed working every day to make sure that BrightRidge stays a revered and valued group accomplice.”