TVA awarded $18 million in credits to Knoxville cryptocurrency mine.

UT professor reveals TVA gave deep energy discounts to bitcoin mines

TVA basically enticed this crypto developer – Bitdeer – to Knoxville with the promise of energy discounts through credits...
...
Bitdeer is a cryptocurrency mining company. TVA was giving incentives to not just Bitdeer but a lot of cryptocurrency companies to come to the region. At one point, the then-CEO Jeff Lyash actually told me that he was meeting – I think this was in 2023 or 2024 – with about 300 cryptominers to talk about energy in the region.

...they were making energy incentives pretty attractive to the crypto miners because it's a huge revenue source

As reported previously, Melanie Faizer, a journalist and professor at the University of Tennessee, had to sue TVA to get this information.