A Bitcoin mining operation that had the potential to help lower energy bills in a Minnesota town has halted its plans due to concerns over possible noise complaints.
Colocation provider Revolve Labs has withdrawn its application to build a Bitcoin mining facility near Windom, a rural town in southwest Minnesota, following concerns from residents about noise and property value impacts.
The decision came after the firm received feedback from the community, as reported by The Minnesota Star Tribune. “We are committed to operating in a way that aligns with community values and priorities, and we understand the importance of collaboration,” said Revolve Labs’ senior operations manager, Jeff St. Onge.
Rebranded from Bit 49 in July 2023, Revolve Labs had projected that the facility would generate $35,000 per month in service fees for the town. Jason Sykora, the city’s electrical utility superintendent, added that it would have stabilized electricity rates for three years.
Despite Revolve’s assurances that noise from the facility’s air-cooling fans could be controlled, noise remained a top concern, particularly given complaints from a similar Bitcoin mining site in Glencoe, Minnesota. Residents also raised concerns about property values and questioned the broader societal benefits of crypto mining, with some recommending a moratorium on such operations.
Reactions were mixed, according to The Minnesota Star Tribune. Local shop owner and mayoral candidate Hilary Mathis said residents were relieved, while Sykora expressed disappointment that more people didn’t consider the proposal, noting the potential financial benefits for the town.
