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, prompting many to take out billions in loans to buy pricey machines and build out infrastructure. made it difficult for miners to repay debt. Some are on the verge of bankruptcy.
Source
t.me/Mining_Crypto_Miner
