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Grantee exposes cryptocurrency mining ‘racket’ in Texas

The Riot Platforms Navarro County cryptomine site in March (Shelby Tauber for the Texas Observer)

For a cover story in the new issue of the Texas Observer, co-published in The Nation, Candice Bernd dug into the Bitcoin mining boom in Texas – documenting its impact on communities, public health and the environment. Her reporting shows that Texas is the national epicenter of Bitcoin mining, with an estimated 40 crypto mines in the state that together consume enough electricity to power 800,000 homes. A former-employee-turned-whistleblower at what’s set to become the world’s largest cryptomine told Bernd that “it’s the most dangerous place” he’s ever worked. The investigation outlines how public officials at all levels of government are propping up the Texas bitcoin mining boom, despite its serious impacts on the public and the environment.