The contracts are the latest in a series of moves indicating the mining industry is getting back on its feet.
Bitcoin Miner Cormint Raises $30M Series A to Build Texas Data Center
Executives of Nasdaq-listed semiconductor firm Silicon Laboratories participated in the round.
SEC under fire for its custody rule: Law Decoded, May 8–15
Last week was harsh for the United States Securities Exchange Commission, with industry figures and officials publicly criticizing the regulator.
BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report
Crypto mining firm Riot Platforms seeks to terminate “certain hosting agreements” with Rhodium and requests exemption from any owed power credits to the counterparty.
Bitcoin Miner Riot Sues Peer Rhodium Enterprises for Alleged $26M in Unpaid Fees
Participation in demand response programs in Texas are at the core of a disagreement between the two mining firms.
Texas votes to add crypto to state’s Bill of Rights
Texas lawmakers vote to add digital currency to the state’s Bill of Rights, granting individuals the right to use digital currencies like Bitcoin for trading.
Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023
New Mexico is the cheapest US state to mine Bitcoin in terms of average electricity cost, while Hawaii is the by far the most expensive.
Out of Compute North’s Bankruptcy Rises 300MW Bitcoin Miner With Novel Energy Offering
Born out of the ashes of the Compute North bankruptcy, the new venture aims to give clients control over their energy strategy.
Bitcoin advocates rally at Texas State Capitol to oppose bill cutting mining incentives
“When you target one industry the way they are with this bill, that’s bad policy no matter what the industry you’re targeting,” said Satoshi Action Fund CEO Dennis Porter.
‘Proof of Reserve’ bill passes in Texas House of Representatives
Digital asset providers would be restricted from comingling customer funds with any other type of operational capital.
Crypto firm Mawson sells Texas sites for $8.5M ahead of vote on anti-mining bill
A Singapore-based fund manager will purchase Mawson Infrastructure Group’s Texas subsidiary and said it will participate in the state energy grid’s load response program.
Bill limiting incentives for crypto miners passes Texas Senate, moves to House
Senate Bill 1751 will next move to the Texas House of Representatives, which is scheduled to meet and discuss legislation on April 13.
Texas Senate Passes Bill to Limit Bitcoin Miners’ Participation in Demand Response Programs
Bitcoin miners in Texas get paid in power credits to power off during times of peak demand.
The New York Times’ Skewed Bitcoin Mining Expose Reveals Blatant Bias
Texas’ gold-backed digital currency project: Law Decoded, April 3–10
While Ted Cruz and Ron DeSantis attack the idea of American CBDC, Texan lawmakers propose to create a statewide one.
‘Don’t Mess with Texas Innovation’ — advocates criticize bill removing crypto mining incentives
Lawmakers in a Texas Senate committee moved forward on Senate Bill 1751 on April 4, paving the way for a floor vote for the legislation some have labeled as against crypto miners.
Texas Senate committee moves forward on bill removing incentives for crypto miners
Under the proposed legislation, certain crypto mining firms participating in a program to reduce the load on Texas’ energy grid would not receive an abatement on state taxes.
Texas Bill Limiting Benefits for Crypto Miners Unanimously Passes Committee Vote
Texas is a major hub for bitcoin miners, many of whom have taken advantage of demand response programs, which the bill looks to curb.
Texas lawmaker introduces resolution to protect Bitcoin miners and HODLers
The Lone Star State is already home to many crypto and blockchain firms as well as miners taking advantage of the regulatory-friendly environment.
Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator
Core Scientific had stopped paying Priority Power Management in May 2022.