Crypto Cowboys: Texas Counties Welcome Bitcoin Miners With Open Arms

Recent regulations in China have led many Bitcoin miners to relocate to the U.S. Texas has become a popular destination for many mining companies thanks to the state’s abundance of wind energy, deregulated power grid, and digital asset-friendly political leaders.

Darin Feinstein, Founder and Chairman of Core Scientific, noted the positive aspects of setting up shop in Texas. He pointed out that Texas Governor Greg Abbot has created a “world-class business-friendly environment that not only encourages entrepreneurialism and technology, but has been welcoming to the blockchain industry.”