Texas is becoming a new hot spot for bitcoin miners, but not because it has cheap electricity

Quick Take

  • Interest in mining in the U.S. is on the rise, with a slew of companies announcing plans to open mining farms in Texas
  • Even though Texas has abundant natural resources, its electricity rate and mining site construction costs are not as favorable as those in China
  • We take a deep dive into the costs going into constructing and maintaining a mining farm in Texas 
Home on the range? Numerous bitcoin miners, both from the U.S. and abroad, are flocking to the State of Texas to build new mining farms. The Lone Star State’s dusty horizon is dotted with massive plumes of fire shooting up out of the ground, keeping the sky alight with a brilliant glow both day and […]

Subscribe to The Block News+ to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly


per year
Join Now


per month
Join Now


If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Related Reading

TRON USDC now available

Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency. 
Read Full Story
Sponsored Post