UTILITIESONGOING

Gray Matter Power Contract Leaves Large Unpaid Bills

Council discussed the historic Electric Service Agreement under which Gray Matter purchased power from the Village for its bitcoin mining operation, incurring monthly costs of $250,000–$400,000 and leaving over $1 million unpaid. The site is now in receivership and future ESA contracts are expected to include stronger safeguards.

Document date · June 30, 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
Over $250,000 per month in power costs; some months up to $400,000
Contract type
UTILITIES
Contract term
One-year Electric Service Agreement (ESA) described historically
Renewal
Existing ESA is in receivership and will be replaced by a new, differently structured Electric Service Agreement for any future operator; renewal terms were not detailed.
Document type
Minutes
Source document
Village of Monroeville Council Work Session Minutes 2026-06-30

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the utilities contract by Monroeville village?

Gray Matter was awarded this utilities contract by Monroeville village, as recorded on June 30, 2026. The contract value is Over $250,000 per month in power costs; some months up to $400,000.

How much is the Gray Matter contract with Monroeville village worth?

The Gray Matter contract with Monroeville village is valued at Over $250,000 per month in power costs; some months up to $400,000, covering utilities work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Village of Monroeville Council Work Session Minutes 2026-06-30 (Minutes), dated June 30, 2026 from Monroeville village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Gray Matter hold?

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

View Gray Matter's profile

What is Monroeville village currently buying?

Explore Monroeville village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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