Not just in the Finger Lakes. Various firms have set up shop in northern NY near the St. Lawrence River to access cheap power. Two years ago, authorities became

Not just in the Finger Lakes. Various firms have set up shop in northern NY near the St. Lawrence River to access cheap power. Two years ago, authorities became concerned because of the impact on residential rates: “[These] companies are using extraordinary amounts of electricity — typically thousands of times more electricity than an average residential customer would use. While such a significant amount of electricity usage might go unnoticed in large metropolitan areas, the sheer amount of electricity being used is leading to higher costs for customers in small communities because of a limited supply of low-cost hydropower,” according to the New York State Public Service Commission. https://www.northcountrynow.com/business/blockchain-industries-pulling-out-massena-nypa-moratorium-puts-coinmint-plans-jeopardy https://www.northcountrynow.com/business/blockchain-industri... After NY state authorities set higher rates for crypto mining, one of the local communities withdrew from the local power agency so it could set its own rates, which has prompted at least one company (Coinmint) to announce plans to relocate there. https://northcountrynow.com/business/cryptocurrency-mining-company-will-move-plattsburgh-operation-massena-winter-0268560 https://northcountrynow.com/business/cryptocurrency-mining-c...