Several crypto mining facilities have approached Denton Municipal Electric, apparently wanting to follow in the footsteps of .
In a presentation slated for Tuesday, Bill Shepherd, executive manager of business services for DME, doesn鈥檛 name the crypto mining companies but did mention that they have been negotiating a lease with a crypto mining facility simply referred to as the 鈥渢op runner鈥� for 12 months.
It would be a five-year lease with a five-year renewal option.
On Tuesday afternoon, DME will be holding a work session with the Denton City Council to discuss the next steps to finalize and get authorization for the lease. The property location would require a zoning change.
DME spokesperson Stuart Birdseye was unable to get the name of the crypto mining companies Friday evening after the city鈥檚 weekly posted online at 5 p.m.
According to the report from staff, the crypto mining facility will be a 鈥渕odular data center鈥� with high-speed computing for bitcoin mining at 20 megawatts.
DME claims it is a direct benefit to Denton because it aligns with the city鈥檚 economic development plan and will offer an estimated net income of $2.5 million over the next five years, assuming that the facility opens April 1.
Estimated revenue in other fees, such as the franchise fees, is $4.8 million over five years, according to Shepherd鈥檚 presentation.
There was no mention of mitigating noise pollution from large data centers 鈥� an issue that has become a community concern in Hood County.