Fortress Group may change its mining equipment deployment due to the increase in electricity prices

Fortress Blockchain, located in Grant County, Washington, announced that the county's new electricity price increase plan 17-B will affect the company's future mining deployment in the area. The plan stipulates that from April 1, 2019, the electricity price for cryptocurrency miners will rise to $0.034/kWhr, a 30.7% increase from the current $0.026/kWhr. It is reported that the Grant County Public Utilities Commission will also vote on whether to continue to increase the electricity price in the 17-B plan on April 1, 2020 and April 1, 2021, and how much to increase. (Globenewswire)