Canaan has purchased a 49% stake in three Texas Bitcoin mining facilities for $40 million, adding 120 MW of capacity and 4.4 EH/s to its footprint. The deal signals Canaan’s strategic expansion from hardware manufacturing into mining infrastructure operations.
Texas filed suit against TP-Link accusing the networking firm of deceptive marketing and of enabling the Chinese government to access American consumers' devices, the attorney general said Tuesday.
An extreme ice storm in Texas forced miners to reduce operations, triggering a 39% drop in Bitcoin's hashrate and putting pressure on local power grids. The disruption raises short-term concerns for network performance and miner profitability.
Riot Platforms jumped roughly 11% after disclosing it sold more than $160 million in Bitcoin to finance a Texas data-center acquisition. The company says the move is part of a strategic shift to redeploy capital into expanding mining infrastructure.
Texas-based Monet Bank has shifted its business model to serve cryptocurrency and digital asset firms, positioning itself as a dedicated crypto lender. The change aims to expand tailored credit and banking options for the growing crypto industry.
Texas has become the first U.S. state to purchase and hold Bitcoin (BTC), stepping in during a market pullback as a strategic reserve move; officials say the allocation is intended to diversify treasury assets and signal confidence in crypto as an institutional tool.
Texas purchased $10 million in Bitcoin on November 20 to create a Strategic Bitcoin Reserve, becoming the first U.S. state to hold BTC on its balance sheet. The move signals growing institutional acceptance of crypto.
Coinbase is moving its corporate registration from Delaware to Texas, saying Texas provides a more efficient and predictable legal system. The shift highlights Texas’s growing appeal to crypto firms and may change governance and litigation dynamics.