How Texas plans to be the bitcoin mining capital - Stock market news
STORY: Bitcoin mining is booming in Texas with 25 facilities already operating across rural areas | 08:17am
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STORY: Bitcoin mining is booming in Texas with 25 facilities already operating across rural areas | 08:17am
MCCAMEY, Texas (Reuters) - Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry's growth in Texas, according to a top trade group, citing the rise in the miners' power demands. | 06:13am
Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry's growth in Texas, according to a top trade group, citing the rise in the miners' power
Texas has become a hotspot for Bitcoin mining, with miners consuming around 2,100 megawatts of the state's power supplies, a 75% increase over the previous year. Read more.
HB 1666, filed by Republican State Rep. Giovanni Capriglione, aims to rebuild trust in the market by requiring proof of reserve for crypto exchanges and more.