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ARTICLE · 11 FEBRUARY 2025

FERC Approves First Enforcement Settlement Involving Power Plant Operations By Bitcoin Mining Company

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Bitcoin mining company pays $1.42 million for violating PJM's tariff in relation to its power plant operations...

United StatesTechnology
David Applebaum
David Applebaum
James H. Barkley
James H. Barkley
Ryan C. Norfolk
Ryan C. Norfolk
Juliana Sersen
Juliana Sersen
Michael A. Yuffee
Michael A. Yuffee
Louise Stephens
Louise Stephens

Bitcoin mining company pays $1.42 million for violating PJM's tariff in relation to its power plant operations.

On January 30, 2025, the Federal Energy Regulatory Commission ("FERC") approved a settlement agreement ("Agreement") between the Office of Enforcement ("Enforcement") and a bitcoin mining company ("Stronghold")1 over whether its generation facility violated PJM Interconnection, LLC ("PJM") tariff rules from June 2021 to May 2022 (the "Relevant Period"). As is often the case for investigations into generators' participation in PJM and other Regional Transmission Organization ("RTO") markets, the matter began at FERC when the market monitor referred the conduct to Enforcement.

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