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News Explorer — Texas Bitcoin Mining Could See Face Loss of Tax Incentives

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Mar 29, 12:54 pm
Decrypt

Texas Bitcoin Mining Could See Face Loss of Tax Incentives

Texas-based Bitcoin mining companies may soon face the loss of financial incentives that have allowed them to gain a competitive advantage in the Lone Star State. Senate Bill 1751 seeks to protect the state’s electric grid by restricting Bitcoin mining companies from participating in a state-run demand response program, potentially barring them from tax abatements.

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