The US Department of Energy (DOE) agrees to stop collecting energy consumption data from crypto mining companies.
In a new lawsuit, the Energy Information Administration (EIA), which keeps statistics for the DOE, says it will not only stop collecting the data, but also destroy any information it has already collected or will receive as a result of his research.
“Defendants agree that EIA will destroy any information it has already received in response to the EIA-862 Emergency Survey.
If EIA receives additional information in response to the EIA-862 Emergency Survey, EIA will destroy that data. EIA will store and keep confidential all information it has received or will receive in response to the EIA-862 emergency investigation until destroyed.
The parties involved view the agreement as a compromise in which no wrongdoing is admitted.
Late last month, the EIA agreed to pause energy data collection after it was hit with a lawsuit by crypto mining company Riot and the Texas Blockchain Council (TBC).
According to the plaintiffs, the EIA tried to convince them and other mining companies to respond to the energy consumption survey by allegedly threatening them with criminal fines and civil penalties if they did not comply with the demand.
As stated in the lawsuit,
“[The] EIA has made progress in gathering information and is requiring – under the explicit threat of criminal fines and civil penalties – that certain companies, including Riot and many other TBC members, respond to the survey by February 23, 2024.”
The study was first proposed in early February as a way to investigate the energy implications of virtual currency mining.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
follow us on TweetFacebook and Telegram
Surf to the Daily Hodl mix
Generated image: Midjourney
