texas bitcoin News

According to Bitcoin Laws, a total of 32 Bitcoin strategic reserve bills have been introduced in 24 US states at the time of writing.

Texas Lieutenant Governor Dan Patrick revealed that establishing a Bitcoin reserve in the state will be among 2025’s legislative priorities.

BTC mining aids Texas’ grid stability, cutting $18 billion in costs by replacing gas peaker plants with efficient demand response.

A group of residents in Granbury, Texas, sued Marathon Digital, claiming noise from its nearby Bitcoin mine is a “nuisance” that has caused health issues for some locals.

According to Foundry’s data pool, Texas accounts for 28.5% of all Bitcoin hash rate in the United States.

Bitmain rolled out its efficiency-focused Antminer S21 at the WDMS, and Bitcoin miners shared their plans for boosting productivity via green energy.

A16z crypto, Coinbase, Ledger, Bain Capital Crypto, Blockchain Capital and Paradigm joined to advocate for clear regulations.

Digital asset providers would be restricted from comingling customer funds with any other type of operational capital.

Bitcoin mining can help balance electrical grids, but software can help ensure that miners are able to power on and off in seconds.

Compute North’s hosting partner Compass Mining has stated that the firm will continue to operate business as usual at this stage.

Given the unique positioning of the crypto mining market, Texas officials believe miners can participate in demand response programs — which involve turning off miners’ power during peak demand.

“The sector has been here before and well capitalized and efficient miners will do just fine,” said White Rock CEO Andy Long.

Extreme heat won’t stop miners from setting up operations in Texas, but more sustainable practices may be required.

The Bitcoin mining company plans to expand its fleet of mining devices, coming on the back of staff lay-offs and executive salary cuts just weeks before.

Senator Cruz predicts that Bitcoin mining will be used to capture wasted renewables and Texas’ power grid within five years.