Kentucky’s Bitcoin Boom Has Gone Bust

Camping’s transformation from a quiet rural area to a bustling crypto mining hub highlights the rapid shift in eastern Kentucky’s economy as digital miners power up. Once a leader in U.S. cryptocurrency operations, the state now faces signs of its boom cooling down due to legal challenges and job losses. Meanwhile, Mohawk Energy’s Jenkins project offered local coal miners work and training but has since reversed, leaving some displaced workers back where they began.