Texas
'There's No Catch': Bitcoin Mining Startup Promises Free Money to Renewable Energy Companies
Bitcoin mining could eventually help develop a global index for the price of electricity, according to Sangha Renewables President Spencer Marr.
Five U.S. States Reach Settlement With GS Partners, Investors to Get Full Refunds
The Texas State Securities Board spearheaded the investigation and subsequent settlement with GS Partners and its owner, Josip Heit.
Bitcoin Hashrate May Finally Slow as Miners Face Scorching Summer Heatwaves
Hashrate for the Bitcoin network typically flattens or declines during North American summer time, industry experts say.
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.
