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Blockware Mining, for example, eventually wants to power megawatts of electricity to its site, an amount that could power tens of thousands of homes. With the tax breaks and a friendly regulatory environment offered by Kentucky lawmakers, many of those companies chose the Commonwealth as their new home. Chiu-Ti Jansen President. The paper found Kentucky had the highest carbon emissions from Bitcoin mining out of all states � 3. The company is not strictly defined as a cryptocurrency mining company, but West Virginia University Agriculture Sciences Professor Jim Kotcon says the energy use outlined in its applications matches one.