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Kentucky State Senator Sued Over Bitcoin Mining Business
Kentucky Sen. Brandon Smith (R-Hazard) is facing two separate legal cases related to a Bitcoin mining repair business he founded in Letcher County, Kentucky. Smith is the CEO and co-founder of Mohawk Energy, which in 2022 pivoted from coal cleanup operations to ASIC repair and other Bitcoin mining services. Local outlet, Lexington Herald Leader, reports that Ricky Dale Cole sued Smith in Letcher Circuit Court in January, accusing the lawmaker of misrepresenting the value of Mohawk Energy. Cole claims that he sold a warehouse to Mohawk, agreeing with Smith to sell the premises below market price in return for a 20% ... (full story)
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