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Northern Minnesota power co-op suing couple who allegedly stole electricity for bitcoin operation

A northern Minnesota electric cooperative is going after a couple for their alleged plot to siphon hundreds of thousands dollars' worth of energy for two bitcoin farms.

The civil suit, filed in Lake of the Woods County District Court by North Star Electric Cooperative, claims business owner Ryan Jaenicke of Roseau, Minn., diverted electricity from a nearby high-voltage line to power his cryptocurrency farms.

The electricity was allegedly directed to a house in Roosevelt, Minn., owned by TiMar LLC, a company controlled by Jaenicke's ex-partner, Tina Fehlhaber of Badger, Minn., whom the company is also suing.


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