El Salvador Plans to Open 'Bitcoin Embassy' in Texas
The Central American country wishes to open a bitcoin embassy in "new ally" Texas, Mayorga said on Twitter, to aid "expansion of commercial and economic exchange projects." Source
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Texas
Riot reports 17K miners offline due to Texas weather
Crypto mining firm Riot Platforms — formerly Riot Blockchain — reported that 17,040 rigs deployed at its operations in Texas were offline due to “severe winter weather” in the state.According to a Feb. 6 announcement, Riot reported two of the buildings at its Whinstone facility in Rockdale, Texas were damaged
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Crypto Custodian Prime Trust to Cease Operations in Texas at End of January
The firm withdrew its Texas Money Transmitter License application but says it intends to reapply "swiftly." Source
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Texas Lawmaker Senator Ted Cruz Pushes for Crypto Payments at Capitol Hill
Before his latest move to push for crypto payments at Capitol Hill, Cruz has always supported crypto assets.US Senator Ted Cruz is advocating for accepting crypto payments at Capitol Hill. His proposal, submitted on the 25th of January, requires Capitol Hill vendors to accept crypto payments. The Texas lawmaker introduced
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Tesla to Spend Over $770M on Texas Plant Expansion for Battery Cells and Manufacturing
EV maker Tesla has applied with the state of Texas regarding the expansion of its Austin-based gigafactory to accommodate more operations. Tesla (NASDAQ: TSLA) plans to spend more than $770 million on the expansion of its factory in Austin, Texas. January filings with the Texas Department of Licensing and Registration disclose
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1.5M houses could be powered by the energy Texas miners returned
During the winter storm in Texas in December 2022, Bitcoin (BTC) mining operators returned up to 1,500 megawatts of energy to the distressed local grid. It became possible due to the flexibility of mining operations and the ancillary services, provided by the state authorities. In his commentary to Satoshi Action Fund,
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Argo Blockchain shares soar after selling Texas mining facility to Galaxy Digital
London-based Bitcoin miner Argo Blockchain PLC’s stock price spiked by more than 100% during U.K. trading hours on Wednesday and closed up 73.33% on the London Stock Exchange after the company announced it would sell its Texas-based Helios facility to Galaxy Digital Holdings Ltd, a financial services and investment management
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Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas – Mining Bitcoin News
After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement. The following day, on Dec. 28, 2022, Argo detailed it is selling its Helios facility to Galaxy Digital for $65
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Bitcoin Hashrate Slides as Texas Miners Curtail Hashpower to Bolster the Grid – Mining Bitcoin News
Bitcoin’s total hashrate tapped a low of 170 exahash per second (EH/s) on Dec. 25, as reports noted that bitcoin miners in Texas curtailed their hashpower during a massive winter freeze. Statistics show that close to 100 exahash dropped off the network but rebounded from the 170 EH/s low to
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Texas Bitcoin Miners Are Offered to Cut Electricity Usage to Help the Grid
The move will help the state’s grid operator, Electric Reliability Council of Texas (ERCOT), ease worries that the mining will put extra stress during periods of high system demand. “Due to the anticipated interconnection of an increasing number of large flexible Loads in the ERCOT Region, ERCOT is establishing an
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