SBI Crypto Sues Riot Blockchain-Owned Data Center for Fraud, Negligence

SBI Crypto alleges that Riot-owned data center Whinstone fraudulently misrepresented its capacity to host large-scale mining operations.

wjb news   Apr 07, 2023

Texas Senate committee moves forward on bill removing incentives for crypto miners

Under the proposed legislation, certain crypto mining firms participating in a program to reduce the load on Texas’ energy grid would not receive an abatement on state taxes.

Turner Wright   Jul 09, 2023

Bitcoin mining has raised Texas electricity prices 5%

Industrial-scale bitcoin mining facilities in the US create as much carbon pollution as 3.5 million gas-powered cars, and Texas, which boasts the largest number of mining facilities in the country, will see the cost of electricity rise nearly 5% by mid-20

wjb news   Apr 11, 2023

Texas lawmakers propose a gold-backed state digital currency

The bills state that the trustee must hold a sufficient amount of gold in reserve for all units of digital currency that have been issued and are still in circulation.

Ciaran Lyons   Jul 17, 2023

An Open Letter To Texas State Senator Lois Kolkhorst

"We encourage you to engage further with bitcoin miners to better understand the matter generally and the consequences of your legislation."

Parker Lewis   Apr 11, 2023

FTX victims’ lawyers struggle to serve Shaquille O’Neal

The Moskowitz law firm has been standing outside NBA superstar Shaquille O’Neal’s studio all week to “hand deliver” the legal complaint with no success, according to a recent statement.

Ciaran Lyons   Jul 31, 2023

Marathon Digital CEO: Bitcoin Mining Bill 'Won’t Change Our Minds About Texas'

Marathon CEO Fred Thiel said the company's expansion continues unabated, and it plans to develop new mining sites in Texas.

wjb news   Apr 15, 2023

‘Proof of Reserve’ bill passes in Texas House of Representatives

Digital asset providers would be restricted from comingling customer funds with any other type of operational capital.

David Attlee   Aug 11, 2023

Texas Bitcoin Miners Face Damage, Higher Power Costs From Ice Storms

(Bloomberg) -- Bitcoin miners in Texas are suffering from yet another storm as they scale back operations due to spiking electricity costs while facing damages on their machines from the extreme weather.Most Read from BloombergNational Archives Releases R

wjb news   Feb 02, 2023

Bitcoin Miner Mawson to Sell Texas Sites for $8.5M to Singapore Fund Manager

The funds will go toward reducing Mawson's debts and fueling growth.

wjb news   Apr 20, 2023