PEDC Approves Agreement With Bitcoin Mining Institute

The Palestine Economic Development Corporation approved an Economic Development Performance Agreement and Lease Agreement with Bitcoin Mining Institute, LLC. The action formalizes incentive and lease terms, including provisions on right of first refusal and intellectual property. The agreement was adopted unanimously by the board.

Document date · February 10, 2026

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Scope & details

The full contract record, as filed.

Contract type

OTHER

Document type

Minutes

Source document

Economic Development Board Meeting Minutes February 2026

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City of Palestine, Texas$805,608 (cash incentive value via lease reduction); Capital investment required: $8,025,000Feb 10, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Palestine?

Bitcoin Mining Institute Llc was awarded this government contract by City of Palestine, as recorded on February 10, 2026.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Economic Development Board Meeting Minutes February 2026 (Minutes), dated February 10, 2026 from City of Palestine. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bitcoin Mining Institute Llc hold?

Bitcoin Mining Institute Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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