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Cryptocurrency firm plans data center, jobs in Pueblo with incentivized rates from Black Hills

(Thought Catalog / Unsplash / CC)

While Pueblo has long committed its effort to economic development to small and mid-sized manufacturing companies, new documents reveal the city is taking a new leap with a crypto currency data mining center.

The deal comes at the hands of Black Hills Energy, which says the center could pump upwards of $25 million into the local economy and allow for 250 more low-income families to receive aid in paying their electric bill.

The company, AX2 Data Centers, could employ 40-80 people, create significant benefits through construction and be among the first companies to take advantage of a new state law that allows public utility companies, such as Black Hills energy in Pueblo, to work in the realm of economic development...

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