Black Hills Corp. Electric Utility in Wyoming Completes Agreement for First Customer under Blockchain Tariff

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RAPID CITY, S.D., June 21, 2022 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) in the present day introduced that its Wyoming electrical utility, Cheyenne Gentle, Gas and Energy Firm, doing enterprise as Black Hills Vitality, accomplished its first settlement for service underneath its Blockchain Interruptible Service Tariff.

Underneath the five-year settlement, Black Hills Vitality will ship as much as 45 megawatts of electrical service with an choice to broaden service as much as 75 megawatts to a brand new buyer in Cheyenne, Wyoming. The crypto mining facility will symbolize one of many largest bitcoin mining operations within the area, which is anticipated to be operational and buying power within the fourth quarter of 2022.

Vitality might be sourced via the electrical power market and delivered via Black Hills’ electrical infrastructure. The shopper might be liable for prices associated to service underneath the settlement, which will even profit different Cheyenne prospects. As well as, the load might be interruptible to prioritize the wants of our current retail prospects.

“We’re happy to ship yet one more progressive resolution to help enterprise and know-how development in Wyoming whereas benefiting different Cheyenne prospects,” mentioned Linn Evans, president and CEO of Black Hills Corp. “This settlement is the end result of Wyoming’s enabling laws, our distinctive buyer targeted Blockchain Interruptible Service Tariff, and our workforce’s enterprise growth efforts. We’re excited to serve this new sort of buyer and to discover the advantages we are able to present to different versatile load prospects over the longer-term.”

The Blockchain Interruptible Service Tariff was proposed by Black Hills and authorized by the Wyoming Public Service Fee in 2019. The tariff was developed to draw new massive electrical masses associated to blockchain and different business development with excessive power demand. Attracting these massive power must Wyoming gives significant state and native advantages together with further property taxes, gross sales taxes, franchise charges, employment for building and mobilization actions, and everlasting administration and working positions.

Black Hills Company

Black Hills Corp. (NYSE: BKH) is a buyer targeted, growth-oriented utility firm with a practice of bettering life with power and a imaginative and prescient to be the power accomplice of selection. Primarily based in Speedy Metropolis, South Dakota, the corporate serves 1.3 million pure fuel and electrical utility prospects in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Extra info is out there at www.blackhillscorp.com and www.blackhillsenergy.com.

Investor Relations
Jerome E. Nichols
605-721-1171
jerome.nichols@blackhillscorp.com

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This information launch consists of “forward-looking statements” as outlined by the Securities and Trade Fee, or SEC. We make these forward-looking statements in reliance on the secure harbor protections offered underneath the Non-public Securities Litigation Reform Act of 1995. All statements, apart from statements of historic information, included on this information launch that deal with actions, occasions or developments that we anticipate, consider or anticipate will or might happen sooner or later are ahead wanting statements, together with our future capability to draw and serve prospects underneath enabling laws. These forward-looking statements are primarily based on assumptions which we consider are affordable primarily based on present expectations and projections about future occasions and business circumstances and traits affecting our enterprise. Nonetheless, whether or not precise outcomes and developments will conform to our expectations and predictions is topic to a variety of dangers and uncertainties that, amongst different issues, may trigger precise outcomes to vary materially from these contained within the forward-looking statements, the danger elements described in Merchandise 1A of Half I of our 2021 Annual Report on Kind 10-Ok filed with the SEC, and different reviews that we file with the SEC once in a while.

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