TLDR
- Kingsport, Tennessee has approved zoning changes to allow cryptocurrency mining and data centers in the city.
- The new ordinance requires crypto mining operations to be located at least 500 feet away from residential areas.
- The zoning change aims to support the growth of digital industries such as data centers and crypto mining in Kingsport.
- The amendment includes noise restrictions, limiting crypto mining operations to a maximum of 60 dBA from the property line.
- A second vote is required before the zoning amendment becomes official and is fully adopted.
Kingsport, Tennessee, is taking steps to accommodate the growing digital industry. The Board of Mayor and Aldermen recently approved changes to the city’s zoning regulations. These adjustments could pave the way for cryptocurrency mining operations and data centers within the city.
The zoning amendment allows for crypto mining facilities to be established, provided they meet specific location and noise requirements. The approval, made during a Tuesday meeting, was on the first reading and requires a second vote to be officially enacted. If approved, these changes will open the door for businesses in the digital sector to set up in Kingsport’s industrial areas.
New Zoning Ordinance Targets Digital Sector Growth
The newly approved ordinance specifically targets the cryptocurrency mining and data center industries. It establishes clear guidelines for where these facilities can operate within the city. The decision follows a recommendation from the city’s planning division in December.
Under the proposed amendment, crypto mining businesses can only operate in “completely enclosed buildings.” These facilities must also be at least 500 feet away from residential areas. Additionally, any mining operation will have to meet strict noise requirements, ensuring a maximum sound level of 60 dBA from the property line.
Crypto Mining’s Role in Kingsport’s Economic Future
The city of Kingsport has recognized the growing demand for locations suitable for data centers and crypto mining operations. According to the Planning Commission’s report, the zoning amendment will enable Kingsport to accommodate these industries effectively. Staff members expect an increasing interest in digital data-driven industries, looking for new sites for development.
With this zoning change, Kingsport aims to cater to the growing digital sector while also managing the impact on local residents. The ordinance outlines clear rules for operation and provides a structure to ensure that the city remains a favorable location for new businesses in the digital realm. These changes are expected to enhance the city’s industrial landscape and attract more companies in the future.
This zoning change in Kingsport is part of a broader push by Tennessee to become a hub for cryptocurrency-related businesses. On the heels of this zoning amendment, Tennessee House Representative Jody Barrett introduced the Tennessee Strategic Bitcoin Reserve Act.
This bill would allow the state treasurer to invest up to 10% of the state’s general fund in Bitcoin. If passed, this bill could further cement Tennessee’s position as a crypto-friendly state. The proposed law would take effect by July 1, pending approval from the state’s general assembly.
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