Crypto industry sues EIA over analysis of energy use

By Niina H. Farah | 02/26/2024 06:42 AM EST

The industry is also challenging White House approval of the agency’s data collection on cryptocurrency.

Bitcoin and powerplant illustration collage

The U.S. Energy Information Administration plans to collect electricity data on facilities that mine for cryptocurrency such as bitcoin. Claudine Hellmuth/E&E News (illustration); Freepik(computer, Bitcoin logo, cyber effects); Corrigan Company (Ameren Portage Des Sioux Power Plant)

A cryptocurrency association and bitcoin mining company are suing to toss out White House emergency approval for the U.S. Energy Information Administration to collect data about the sector’s electricity use.

The Texas Blockchain Council and Riot Platforms allege the agency violated federal law by inappropriately rushing the release of a survey of 82 cryptocurrency companies’ energy use without seeking public comment or shielding the companies’ proprietary data.

“This is a case about sloppy government process, contrived and self-inflicted urgency, and invasive government data collection,” the challengers wrote in a lawsuit filed in the U.S. District Court for the Western District of Texas on Thursday.
lawsuit filed

Advertisement

In addition to blocking the survey, they are asking the court to order EIA to destroy any information they have collected so far on cryptocurrency energy use and to bar the agency from collecting industry data without first initiating a notice and comment period.

GET FULL ACCESS