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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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  • Home
  • Crypto
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

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    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

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    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

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    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

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    Shrapnel to Leave Avalanche in New Partnership with Gala Games

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    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

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    Blockchain Bookmakers: A New Era of Fair and Secure

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    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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    The Biggest Games Releasing in August 2025

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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Home Mining

Southern US Becomes Bitcoin Mining Hotspot

February 9, 2024
in Mining
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Southern US Becomes Bitcoin Mining Hotspot
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The latest legislative proposal from State Rep. Phil Christofanelli aims to establish Missouri as a welcoming hub for Bitcoin mining.

READ ALSO

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Bitcoin Mining Is the Resurrection Of the Working-Class Hero

This initiative aims to bolster the local economy while positioning Missouri alongside other progressive states in embracing digital assets.

Bitcoin Mining Bill Aims to Open the Door

Christofanelli’s bill, steeped in forward-thinking, proposes a unique approach. Its goal is to treat Bitcoin miners just like any other player in the energy sector.

He explained,

“Our state should welcome this type of new and innovative currency into the marketplace. We just want asset miners treated like everybody else in the energy economy.”

This sentiment reflects a growing recognition of the potential economic benefits that Bitcoin mining can bring to a region.

Read more: How To Mine Cryptocurrency: A Step-by-Step Guide

A pivotal aspect of the bill is the emphasis on fair play. It seeks to prevent the Missouri Public Service Commission from setting exorbitant power costs for cryptomines, a move that resonates with the principle of equality.

Christofanelli concluded,

“We’re trying to look ahead, and we want Missouri to be a crypto-freedom state. And we’re going to lead the country on this.”

Southern States Lead the Pack

Amidst this legislative endeavor, the cryptocurrency industry is witnessing substantial growth in other parts of the United States. CleanSpark, a Bitcoin mining giant, recently expanded its operations with the acquisition of three mining facilities in Mississippi for $19.8 million.

Zach Bradford, CEO of CleanSpark, commented on the expansion,

“With the addition of Mississippi to our portfolio, we are gradually increasing our geographic diversity.”

This move is a testament to the industry’s resilience in the face of regulatory challenges and its ongoing commitment to innovation and growth.

See also  Europe's largest Bitcoin miner Northern Data to launch IPO in the US

Similarly, Riot is making headlines with its ambitious project in Corsicana, Texas. The company is investing approximately $333 million in a 1 gigawatt Bitcoin mining facility, reflecting a significant leap in infrastructure and capacity.

This development is set to create numerous jobs and drive economic growth. This also showcases the industry’s ability to contribute positively to local communities.

Missouri’s legislative efforts paint a picture of a flourishing industry ready to redefine economic landscapes. As states like Missouri look to foster a conducive environment for crypto enterprises, the industry continues to evolve, demonstrating its potential as a significant player in the modern economy.

Tags: BitcoinHotspotMiningSouthern

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