Madison Approves Zoning for Giga Energy's Proposed Cryptocurrency Data Center
Madison city commissioners approved the first reading of a rezoning ordinance to allow Giga Energy to establish a cryptocurrency data center, converting two parcels of land near the Madison Generating Plant from agricultural and highway business to light industrial. The proposed 10-megawatt facility aims to begin operations by August 2026, potentially generating $425,000 annually in electrical funds for the city, despite community concerns about possible electric rate increases. A second reading of the ordinance is set for February 17.
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Madison city commissioners approved the first reading of a rezoning ordinance on February 2 to allow for a cryptocurrency data center. The ordinance involves rezoning two parcels of land near the Madison Generating Plant from agricultural and highway business to light industrial.
The proposed 10-megawatt facility, operated by Giga Energy, aims to focus on cryptocurrency mining. If approved, the facility could be operational by August 2026 and is expected to generate $425,000 annually in electrical funds for the city.
Community concerns primarily revolve around potential electric rate increases, though city officials believe the facility will not adversely affect rates. The second reading of the ordinance is scheduled for February 17.
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