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Texas
ERCOT CEO: Texas' Power Grid Needs Larger Increase Than Expected to Handle AI, Bitcoin Mining
The Electric Reliability Council of Texas' CEO said in Senate testimony that the state's grid capacity will need to double in the next decade to handle demand, while the Lieutenant Governor of Texas says more scrutiny is coming for this industry.
Bitcoin Mining and the Politicization of a Once Reputable Federal Agency
The Department of Energy's statistics wing is feigning an "emergency" to attack legitimate U.S. businesses and score political points, Texas Blockchain Council President Lee Bratcher and Chamber of Digital Commerce CEO Perianne Boring write.
Abra to Open Withdrawals After Settling with Texas Regulators
More than 12,000 investors could be able to withdraw roughly $13 million worth of crypto, according to a new settlement between Abra and state regulators.
Bitcoin Mining Has a Superpower
The blockchain's energy needs are flexible, location agnostic and responsive to grid changes, Texas Blockchain Council President Lee Bratcher writes.
Why Bitcoin Miners Have Flocked to Texas
Crypto miners have flocked to the state of Texas since China banned mining in 2021, encouraged by cheap energy, grid incentives and an alignment of values. "The Hash" panel discusses why Texas has emerged as a bitcoin mining hub as part of CoinDesk's special Mining Week presented by Foundry. Foundry and CoinDesk are both owned by DCG.
Crypto Lender Abra Has Been Insolvent for Months, State Regulators Say
In an emergency cease-and-desist order, the Texas State Securities Board alleged that Abra has been insolvent since at least March 31, 2023. "The Hash" panel discusses the state securities regulators' allegations on the crypto lender.
Marathon Digital CEO Addresses Newly-Passed Mining Bills in Texas
In the past few weeks, two crypto mining bills, SB 1929 and HB 591, are awaiting Texas Gov. Greg Abbott’s signature. The legislation shows support for miners. Marathon Digital Holdings CEO Fred Thiel breaks down how the bills could impact crypto miners in the Lone Star state.
Marathon Digital CEO Weighs in on Texas Bitcoin Mining Legislation
Texas legislators are throwing their weight behind bitcoin mining with two bills passed in the latest legislative session that are signaling support for the industry, and one thwarted for the time being. Marathon Digital Holdings CEO Fred Thiel discusses what this means for crypto miners in the Lone Star state. Plus, insights on bitcoin mining plans in other locations around the world.
Cathedra Bitcoin to Deploy Crypto Miners at 360 Mining's Texas Site
Cathedra will pay $55 per megawatt hour of power plus 10% of gross bitcoin mined at the location.
Bitcoin Miners Gain Support From Texas With Two Bills Passed, One Halted
Two bills that seem to embrace mining have been sent to the governor, whereas one that would adversely affect miners was stopped at the committee stage.
