U.S. Senator Ted Cruz, a long-time supporter of crypto, has announced the purchase of three application-specific integrated circuit Bitcoin miners, initiating mining operations in Iraan, Texas.In the announcement, made on X, the Senator said that he had joined the ranks of Texas Bitcoin miners, a post that was accompanied by a picture of his mining setup.Marathon Digital CEO Fred Thiel praised Cruz’s initiative, welcoming him to the Bitcoin mining community.
Texas supports Bitcoin mining due to its business-friendly laws and affordable energy resources, including wind, solar, and natural gas. The environment has increased Bitcoin mining in smaller towns like Iraan, creating jobs, boosting energy infrastructure investments, and generating tax revenue.that Cruz bought Bitcoin worth between $15,000 and $50,000 on January 25, when the price was around $37,000.
The Oklahoma Bitcoin Association emphasized the bill’s significance, stating it would make state power prices highly competitive for miners and attract investments to revitalize rural areas. The bill is expected to optimize Oklahoma’s electricity grid and reduce power costs for residents.
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