Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
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‘There’s a lot less land to go around’ — why White Rock established off-the-grid mining in Texas
“The U.S. is where the action is in terms of markets, so we plan to be in at least another couple of states as well
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Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts
The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state’s power grid operator.
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Crypto bear market will provide ‘excellent’ M&A opportunities: White Rock CEO
“The sector has been here before and well capitalized and efficient miners will do just fine,” said White Rock CEO Andy Long.
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Riot Blockchain’s Bitcoin mining productivity dropped 28% YOY amid record Texas heat
“The company voluntarily curtailed its energy consumption in order to ensure that more power would be available in Texas,” said Riot CEO Jason Les.
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Texas a Bitcoin ‘hot spot’ even as heat waves affect crypto miners
Extreme heat won’t stop miners from setting up operations in Texas, but more sustainable practices may be required.
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