According to a financial disclosure filed on February 4, US senator Ted Cruz bought the last Bitcoin dip.The filing shows that the Texas Republican bought between $15.001 to $50.000 worth of Bitcoin on January 25, and used the brokerage River to make the transaction.Cruz joins the US Senate Bitcoin boostersUntil recently, Wyoming’s Cynthia Lummis and Pennsylvania’s Pat Toomey … [Read more...] about Texas senator Ted Cruz bought the last Bitcoin dip
Texas
Iris Energy Secures 600MW Connection for Texas Bitcoin Mine
Australian crypto miner Iris Energy (IREN) secured a 600-megawatt connection for a new Texas crypto mining facility, the company said on Friday.The company said in a filing with the U.S. Securities and Exchange Commission (SEC) that it has executed a binding connection agreement with utility provider AEP Texas.Iris Energy paid $19 million for the security deposit and the … [Read more...] about Iris Energy Secures 600MW Connection for Texas Bitcoin Mine
Crypto miners eye cheap power in Texas, but fears aired over impact on the grid
The recent crackdown on crypto mining in China has seen concerns expressed over the potential impact a hashrate migration could have on Texas’ unreliable electricity market, as an increasing number of dislocated miners eye the Lone Star State.Texas’ abundant sources of renewable energy and highly deregulated power grid make the state an obvious choice for migrating miners from … [Read more...] about Crypto miners eye cheap power in Texas, but fears aired over impact on the grid
Riot Blockchain is set to acquire a Texas data facility for $650M
Riot Blockchain is continuing its Bitcoin (BTC) mining expansion efforts. Reports suggest that the United States-based miner is set to purchase Whinstone US Inc, currently owned by Northern Data.The planned purchase was announced by Riot Blockchain on Thursday via a press release, with the U.S. Bitcoin miner paying $80 million in cash. The remainder will come from the sale of … [Read more...] about Riot Blockchain is set to acquire a Texas data facility for $650M
Texas chases after Wyoming with crypto law proposal, but challenges remain
Everything is bigger in Texas, but when it comes to crypto-friendly legislation, this doesn’t seem to be the case… just yet. On March 12, 2021, Texas Representative Tan Parker introduced the Uniform Commercial Code, also known as UCC, amendment bill (House Bill 4474) to better adapt commercial law to blockchain innovation and digital asset regulations. Specifically speaking, … [Read more...] about Texas chases after Wyoming with crypto law proposal, but challenges remain