Texas’s Crypto Mining Boom Is Starting to Look More Like a Bust

The digital gold rush in Texas is losing its luster as Bitcoin miners grapple with financial woes, leaving behind what some fear will be a wasteland of unfinished sites and abandoned equipment.

In an effort to become a haven for crypto mining, Texas has aggressively lured miners with cheap power and favorable regulations. Mason Jappa, CEO of Blockware Solutions, comments on the oversupply of infrastructure and rigs in Texas.

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Joe Burnett