Moose Lake proposes $50,000 lease for crypto facility

Moose Lake proposes $50,000 lease for crypto facility

MOOSE LAKE — During an emergency meeting Tuesday, the Moose Lake City Council voted to more than double the proposed lease to $50,000 a year for Revolve Labs to operate a cryptocurrency mining facility within city limits. Revolve Labs is negotiating with Moose Lake’s city-run utility company, Moose Lake Power, to construct the facility on 2 acres next to the municipal power station off Minnesota Highway 73. The move follows a recommendation by t…