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The legislator backing the bill argues it would serve as a “hedge against inflation and economic volatility.”
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The Public Utility Commission of Texas adopted the rule amid surging demand for power across the state and a growing crypto mining industry in Texas.
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Austin-based Core Scientific has ditched its crypto mining plans in Denton and now will be dedicating 100% of its Denton data center to high-performance computing for artificial intelligence.
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Geosyn Mining was founded in 2021 and ran operations for over a year. Now, it faces a lawsuit from the SEC.
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An influx of cryptocurrency businesses now call Cowtown home — and Fort Worth is embracing them. Experts and Fort Worth officials attribute that growth to the city’s decision to bring a bitcoin mining operation to City Hall in April 2022.
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Cryptocurrency miners have their sights set on Texas due to competitive energy costs, tax subsidies, incentive programs and some city leaders who are favorable to their operations though they may not fully understand them.
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Eager to bring new jobs to their towns and boost their tax base, rural Texas counties are courting companies that produce cryptocurrencies.
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Fort Worth Mayor Mattie Parker wants the world to know Cowtown is open to cryptocurrency.
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The former Soviet nation of Georgia now consumes more power in mining cryptocurrencies than the United States. What's going on?
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The value of the digital cryptocurrency bitcoin has been all over the map recently, reaching a high of about $20,000 per coin late last year to nearly…