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Supporters said Tuesday's vote to incorporate Mitchell Bend 鈥 population 600 鈥 was one of their last options to try to control noise pollution coming from the nearby Bitcoin mine.
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A federal court rejected Marathon Digital Holdings' request for a temporary restraining order against Mitchell Bend's incorporation election.
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Florida-based Marathon Digital Holdings claims Mitchell Bend's vote to incorporate as Texas' newest city is "unlawful."
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Residents in rural Granbury say a proposed new power plant next to a Bitcoin mine will only make their health problems worse.
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Residents in Hood County, south of Fort Worth, say their elected officials are keeping them from voting to incorporate their community, giving them more power to control noise and environmental pollution from a nearby data facility. Rural North Texans say a Bitcoin mine is 'ruining their lives' while elected officials deny them a vote
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The Texas Senate passed the bill in March. It now heads to Gov. Greg Abbott鈥檚 desk for approval.
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The legislator backing the bill argues it would serve as a 鈥渉edge against inflation and economic volatility.鈥
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An influx of cryptocurrency businesses now call Cowtown home 鈥 and Fort Worth is embracing them. Experts and Fort Worth officials attribute that growth to the city鈥檚 decision to bring a bitcoin mining operation to City Hall in April 2022.
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In January, the U.S. Energy Information Administration announced that as part of an emergency data collection request, it would require bitcoin mining facilities such as Core Scientific in Denton and Riot Platforms in Rockdale to start reporting their energy use for the first time through a provisional survey called the Cryptocurrency Mining Facilities Report.
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The sound from fans used to cool a giant network of computers is so loud that residents report headaches, stress and fleeing livestock.
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Fort Worth Mayor Mattie Parker wants the world to know Cowtown is open to cryptocurrency.
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Some Texas leaders see opportunity in the industry but a closer look also spells potential problems.