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Service center opening in Eastern Kentucky to aid bitcoin mining operations

Published: Nov. 16, 2021 at 5:35 PM EST
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MARTIN COUNTY, Ky. (WYMT) - A recent business partnership in Martin County is drawing attention as it could make Eastern Kentucky a hub for an emerging technology.

State Senator Brandon Smith and other business leaders Martin County teamed up to create a company called Biofuel Mining.

“We are ready and positioned for Kentucky to be the next state with emerging technology,” said Senator Smith. “And uniquely that’s going to be here in Eastern Kentucky.”

The partnership will begin by staffing a 200 person repair center at an Inez power plant. The device this staff will service is called application-specific integrated circuits (ASICs).

These are critical in bitcoin mining operations around the world, and Biofuel Mining has been contracted by Bitmain to do repair work.

”Bitmain is the largest crypto-currency mining company in the world.”

ASICs require a well-trained team of engineers able to repair them 24/7. Senator Smith and other business leaders saw this as an opportunity to bring Eastern Kentucky a new type of job that is on the forefront of technology.

”This is the the opportunity,” said Senator Smith. “And that’s all we can do. This is local people putting their money where their mouth is.”

Senator Smith is participating in the venture as a private citizen and stressed that the company is not reliant on any government funding.

Smith added the repair contract Biofuel has will bring a lot more traffic to the location at the Big Sandy Regional airport. He said he expects that to bring a lot more commerce to the Appalachian region.

If you are interested in a job opportunity with the company, you can reach out to jobs@biofuelmining.com.

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