Texas News

The company expects a hash rate of 5.5 EH/s by the end of 2022, anticipating that access to an additional 600 MW of power capacity "in the coming years" will produce 20 EH/s.

"We are going to become the first city in the world to mine Bitcoin here on site at city hall," said Fort Worth Mayor Mattie Parker.

The State Security Board considers the sale of 11,111 NFTs a “high-tech fraudulent securities offering.”

The Pacific Northwest state’s governor has finally passed a bill into law to form a working group to explore the opportunities for industry and commerce to benefit from blockchain.

Texas representative Pete Sessions made a simple yet powerful statement that the proliferation of the Bitcoin mining industry could promote energy independence in the country.

Companies from Doodles to luxury car manufacturer Porsche offered NFT-themed entertainment to the thousands of attendees appearing in person in Texas over the weekend.

“Our goal is that this billboard campaign will plant the seeds of understanding that there’s actually something to crypto,” said Sam Feldman.

"We are taking proactive measures to shut down operations, shed load and create additional capacity in response to ERCOT's needs should it be necessary,” said the Texas Blockchain Council on behalf of mining firms.

Despite the price of BTC, the Bitcoin network is the strongest it’s ever been, according to industry experts.

“When I started, I almost gave up multiple times. I just want to help others have a more streamlined way to get into crypto,” said Brenda Gentry, a former USAA mortgage underwriter.

The initial public offering (IPO) for Texas-based Bitcoin miner Rhodium Enterprises is another feather in the cap for the Bitcoin-friendly southern State.

While the state is eager to become the global hub for Bitcoin mining operations, residents are concerned that the power grid will not be able to handle the load.

The newly merged corporation will retain its ticker symbol, BSGA, on the Nasdaq stock exchange, and Jihan Wu will continue to lead the combined organization.

The deal seems to be part of a larger move for Rockets owner Tilman Fertitta, who is also the chairman and CEO of a restaurant group that recently launched a Bitcoin rewards program.

The company said it intends to use the proceeds for construction costs and rigs at its Texas crypto mining facility, expected to be operational in 2022.