There are thousands of pounds of bitcoin mining equipment still in transit from China to Texas, part of a multi-month caravan, as Texas Governor Greg Abbott makes courting the bitcoin industry a pinnacle part of his re-election campaign in 2022.
Texans are broadly looking to pick up on China’s missed opportunity, as the Chinese government forces bitcoin mining operations to relocate or go underground, ensuring that Texas will have a major role to play in the cryptocurrency industry.
“We have launched our first bitcoin mine in downtown Fort Worth, which will be a showpiece for our larger mine located right outside the city,” Geosyn Mining co-founder Caleb Ward described a new Texas facility that opened in January 2022. “We’re using income from this 20,000-square-foot facility outside of Fort Worth to bootstrap a significant solar power build.”
By the end of March, Ward expects to have roughly 530 bitcoin mining machines operating in his facility alone. And he’s not the only bitcoin miner turning an eye toward Texas. There are reportedly 27 local bitcoin …
