Cryptocurrency firm in Plattsburgh fights $1 million electric charge
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English - January 28, 2020 05:00 - 4 minutes - 2.18 MB - ★★★★★ - 12 ratingsNews news adirondacks north country public radio Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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(Jan 28, 2020) A few years ago, there was a lot of buzz about the North Country becoming the next Silicon Valley of cryptocurrency. One of the companies to flock here was Coinmint. The cryptomining company set up shop in Plattsburgh in 2017 and declared its intentions to be a good citizen.
Today, Coinmint is fighting a legal battle to avoid paying the city’s electric utility more than $1 million owed for a security deposit. In addition to that dispute, a local property manager says the firm was evicted from one of its Plattsburgh locations.