Alabama’s first bitcoin mining operation is set to begin on the Fourth of July, and it will take place outside a 7-year-old museum in downtown Mobile.

Distributed Ledger Inc., through an agreement with the City of Mobile and in partnership with the GulfQuest Maritime Museum’s board of directors, is planning to take a Maersk shipping container and modify it into a 24/7 bitcoin mining operation.

The arrangement of bitcoin mining inside a shipping container will also be an outdoor and educational feature for visitors to the maritime museum. It will be located on the museum’s south end and on city property adjacent to the Mobile Alabama Cruise Terminal.

“This type of unit was selected on purpose to celebrate the shipping containers and related equipment seen through the maritime industry, and the Port of Mobile,” said Jim Anderson, vice president of operations at Distributed Ledger Inc.

Mike Dow, a former mayor of Mobile and current executive director of GulfQuest, said there is no risk nor upfront public costs to the city. Distributed Ledger will be charged with paying its own electricity, which in other mining operations around the U.S. can be fairly costly.

Under the agreement, Distributed Ledger will pay the museum board a monthly rent payments of $1 plus 20% of net operating income derived from bitcoin mining.

Any revenue generated from the operation will be funneled back to the city-owned GulfQuest, and will go toward paying down the museum’s remaining debt from a costly construction project that wrapped up in 2015. According to Dow, approximately $1 million in debt is owed on a museum that initially cost around $60 million to construct.

“There is no liability, they have insurance and this is their money,” said Dow. “They will be providing revenues from…