Bitcoin miners beef up Texas operations ahead of extinction-level event, exclusive data shows
Publishing timestamp: 2023-09-26 11:02:08
Summary
Texas has become the dominant location for bitcoin mining in the United States due to its pro-crypto regulatory environment and support from the local energy provider. Bitcoin miners are facing challenges with the upcoming "halving" event, but companies like Foundry USA are expanding their operations and diversifying their services. Other states, such as Georgia and New York, have seen a decline in their share of bitcoin mining. Despite market fluctuations and regulatory scrutiny, the overall hashrate of the bitcoin network in the U.S. has more than doubled since 2021.
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Keywords: united states, business news, fintech, cryptocurrency, technology, bitcoin, bitcoin/usd coin metrics, energy, breaking news: technology, riot platforms inc,
Source: https://www.cnbc.com/2023/09/26/where-are-bitcoin-miners-in-2023-texas.html