OTHERRECOMMENDED

PEDC Recommends Bitcoin Mining Institute Performance Amendment

The Palestine Economic Development Corporation recommended amending its performance agreement with Bitcoin Mining Institute LLC. The amendment provides a stated cash incentive value of $648,672 through rent-free and reduced-rent periods and requires operations through August 31, 2036.

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
$648,672 total cash incentive value
Contract type
OTHER
Contract term
August 31, 2026 – August 31, 2036; lease term stated separately as February 10, 2026 – August 9, 2036
Renewal date
2036-08-31
Renewal
First amendment to the February 10, 2026 Economic Development Performance Incentive Agreement; modifies incentive calculations, performance deadlines, lease obligations, and security-related provisions while reaffirming other terms.
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 government contract by City of Palestine?

Bitcoin Mining Institute Llc was awarded this government contract by City of Palestine, as recorded on October 13, 2026. The contract value is $648,672 total cash incentive value.

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 $648,672 total cash incentive value.

What type of contract is this?

This is a government 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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