FACILITIESRECOMMENDED

PEDC Recommends Extending Bitcoin Mining Institute Lease

The Palestine Economic Development Corporation recommended amending its lease with Bitcoin Mining Institute, LLC for the approximately 44,736-square-foot property at 200 Vista Ridge. The amendment extends the lease through August 9, 2036 and adds $67,104 in rent, with monthly payments beginning at $7,456 in February 2027.

Document date · October 13, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Additional rent of $67,104.00; monthly rent of $7,456.00 beginning February 10, 2027, increasing to $18,640.00 beginning February 10, 2031
Contract type
FACILITIES
Contract term
February 10, 2026 – August 9, 2036
Renewal date
2036-08-09
Renewal
First lease amendment; extends the original lease term and adds six months of rent payments offset by six additional rent-free months.
Document type
AgendaPacket
Source document
Palestine Economic Development Corporation AgendaPacket October 13, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Palestine?

Bitcoin Mining Institute Llc was awarded this facilities contract by City of Palestine, as recorded on October 13, 2026. The contract value is Additional rent of $67,104.00; monthly rent of $7,456.00 beginning February 10, 2027, increasing to $18,640.00 beginning February 10, 2031.

How much is the Bitcoin Mining Institute Llc contract with City of Palestine worth?

The Bitcoin Mining Institute Llc contract with City of Palestine is valued at Additional rent of $67,104.00; monthly rent of $7,456.00 beginning February 10, 2027, increasing to $18,640.00 beginning February 10, 2031, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Palestine Economic Development Corporation AgendaPacket October 13, 2026 (AgendaPacket), dated October 13, 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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