Chelan | KNKX

Chelan

When the price of one bitcoin soared to almost $20,000 late last year, an influx of entrepreneurs and developers came to the Pacific Northwest in search of cheap hydropower to do bitcoin "mining."

But now cities, counties and utilities at the epicenter in central Washington are hitting the pause button. The cryptocurrency businesses bring tech jobs—but they are also electricity hogs.

Fires continue to burn around Lake Chelan in central Washington Monday. Nearly 3,000 residents have been evacuated so far and dozens of homes have burned as firefighters struggle to gain any control over the blaze.