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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 […]

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