Texas Becomes Top Bitcoin Mining Hub, Attracting Rivals With Incentives

Texas now hosts 28.5% of the US Bitcoin hash rate, making it the top mining state.
Texas has attracted miners through government incentives to stabilize the electricity grid.
Rival mining firms like Riot and Cipher Mining are expanding operations in Texas.
Cambridge University's mining map hasn't been updated since Jan 2022 when Texas had just 11.2% share.
The mining landscape has likely changed considerably since Jan 2022, especially regarding China and Kazakhstan.

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9/26/2023

Texas Emerges as Global Bitcoin Mining Leader Despite Looming Halving and Crypto Bear Market

Despite the upcoming "halving" event, which will reduce mining rewards, Foundry, a mining firm in the crypto industry, is expanding its operations and remains confident in the long-term survival and growth of bitcoin mining, with Texas emerging as the bitcoin capital of the world due to its supportive regulatory environment and abundant clean energy.