Bill limiting incentives for crypto miners passes Texas Senate, moves to House

Texas lawmakers in the state’s Senate have approved a bill aimed at largely removing incentives for crypto miners operating under the seemingly friendly regulatory environment.

In a 30-1 vote on the floor of the Texas State Senate on April 12, lawmakers in the 88th legislative session

Marathon Digital largely obtains power for its Bitcoin (BTC) mining operations in Texas through a wind farm, an other firms operating in the state include Core Scientific, Riot Platforms, White Rock Management and Argo Blockchain. Core Scientific filed for bankruptcy in December 2022 but continues to mine in Texas, while Argo announced at roughly the same time it planned to sell its Texas facility to Galaxy Digital.

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