We Hear Your Concerns About Cryptocurrency Mining

April 16, 2026

There is a lot of information circulating about cryptocurrency mining and data centers in the community. We want you to hear from CFU directly.

CFU shares the community’s concern about future cryptocurrency mining or data center growth.

We are planning to convey this concern at future public meetings, including the April 22 Planning and Zoning meeting. We urge the City to move cautiously and fully assess the impacts of large-scale cryptocurrency mining and data centers before moving forward.

There is no “partnership” between CFU and Simple Mining, or any other customer. We are disappointed that Simple Mining has suggested otherwise because it’s not accurate. Simple Mining is not getting any preferential treatment from CFU.

Over the past few years, two cryptocurrency mining companies have connected in Cedar Falls. Their demand has grown over time. These customers pay for their own infrastructure and energy costs. They have not raised our energy costs. There is no financial risk to CFU or the community if they shut down or leave.

All cryptocurrency mining customers are required to be interruptible. During periods of extreme weather or high demand, they must power down. This helps maintain reliability and control costs for other customers.

Cedar Falls Utilities is a public utility. Our focus is providing reliable, affordable service to the community, not maximizing profits. Revenue is put into improving and maintaining equipment and local utility systems.

We are listening and will continue to carefully evaluate what best serves our community’s needs. We welcome your input. Comments left here will be delivered to CFU’s General Manager and Board of Trustees.