Texas Congressman Endorses Bitcoin Mining for US Energy Independence - BitcoinEthereumNews.com
BitcoinTexas Congressman Endorses Bitcoin Mining for US ‘Energy Independence’03 / 21 / 2022बिटकॉइन एथेरियम समाचारसंक्षिप्त Bitcoin mining companies are flocking to Texas. Global fuel prices have risen in the wake of Russias war against Ukraine. Rep. Pete Sessions wants Texas Bitcoin mining to be a key component of U.S. energy policy. Heres the latest Washington, D.C. politician to publicly embrace Bitcoin: Rep. Pete Sessions, a 12-term Republican congressman from Waco, Texas. Rep. Sessions today tweeted, “Bitcoin mining will play a critical role in rebuilding energy independence in the USA.” His mini-missive comes three days after Sessions tweeted, in language that mirrors Senator Cynthia Lummis (R-WY), “Bitcoin is aligned with American values and will strengthen the dollar.” Sessions should know. His state, once synonymous with oil, is the epicenter of a Bitcoin mining boom. According to data from fall 2021, Texas provides the fourth-highest hashrate of any state, with 14%. (Hashrate is a measure of how much power is being supplied to the Bitcoin network.) But Texas influence is likely even higher than that figure, given the large mining facilities that have either begun popping up in the past year or are in the works. For example, Argo purchased 300+ acres in West Texas last spring, while Foundry