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Senator Ted Cruz Buys 3 Bitcoin Miners, Launches Operations
The post Senator Ted Cruz Buys 3 Bitcoin Miners, Launches Operations appeared on BitcoinEthereumNews.com. US Senator Ted Cruz has long been a crypto supporter. He has vocally been a pro-crypto legislator. Yesterday, he announced his purchase of three Bitcoin miners as he set up operations in Iraan, Texas. Also Read: Bitcoin Price Prediction 2024-2030 He shared the news on X, saying, “I’m proud to join the ranks of Texas Bitcoin Miners,” along with a picture of the mining setup. Marathon Digital CEO Fred Thiel praised Cruz’s move, welcoming him to the Bitcoin mining community and emphasizing his role in improving network security. Texas Openly Supports Bitcoin Mining While many US states still restrict Bitcoin mining, Texas embraces it. The state’s business-friendly laws and affordable energy resources make it a perfect environment for Bitcoin mining. Texas offers abundant wind, solar, and natural gas power options, minimal regulatory trouble, and a climate conducive to profitable and sustainable mining operations. This has led to a rise in Bitcoin mining popularity in smaller towns like Iraan, decentralizing economic activity beyond major cities. As mining operations expand, they are expected to create jobs, boost investments in energy infrastructure, and generate tax income for public services and development projects, enhancing the state’s economic health. Cruz Invests in Crypto A recent financial disclosure revealed that Cruz bought Bitcoin during a market dip. On January 25, he purchased Bitcoin worth between $15,000 and $50,000 when the price was around $37,000, way below its all-time high of $69,000 in November. Cruz used River Financial for the transaction. Also Read: Bearish Bitcoin, Bullish Ethereum: Crypto Market Stands Split As of the current trading price of $67,445, his investment has gained between $7,000 and $15,000, assuming he hasn’t sold his holdings and incurred short-term capital gains. Cruz is beloved in the crypto community because he has always advocated for cryptocurrency in the US Senate, particularly…
The post Senator Ted Cruz Buys 3 Bitcoin Miners, Launches Operations appeared on BitcoinEthereumNews.com.
US Senator Ted Cruz has long been a crypto supporter. He has vocally been a pro-crypto legislator. Yesterday, he announced his purchase of three Bitcoin miners as he set up operations in Iraan, Texas. Also Read: Bitcoin Price Prediction 2024-2030 He shared the news on X, saying, “I’m proud to join the ranks of Texas Bitcoin Miners,” along with a picture of the mining setup. Marathon Digital CEO Fred Thiel praised Cruz’s move, welcoming him to the Bitcoin mining community and emphasizing his role in improving network security. Texas Openly Supports Bitcoin Mining While many US states still restrict Bitcoin mining, Texas embraces it. The state’s business-friendly laws and affordable energy resources make it a perfect environment for Bitcoin mining. Texas offers abundant wind, solar, and natural gas power options, minimal regulatory trouble, and a climate conducive to profitable and sustainable mining operations. This has led to a rise in Bitcoin mining popularity in smaller towns like Iraan, decentralizing economic activity beyond major cities. As mining operations expand, they are expected to create jobs, boost investments in energy infrastructure, and generate tax income for public services and development projects, enhancing the state’s economic health. Cruz Invests in Crypto A recent financial disclosure revealed that Cruz bought Bitcoin during a market dip. On January 25, he purchased Bitcoin worth between $15,000 and $50,000 when the price was around $37,000, way below its all-time high of $69,000 in November. Cruz used River Financial for the transaction. Also Read: Bearish Bitcoin, Bullish Ethereum: Crypto Market Stands Split As of the current trading price of $67,445, his investment has gained between $7,000 and $15,000, assuming he hasn’t sold his holdings and incurred short-term capital gains. Cruz is beloved in the crypto community because he has always advocated for cryptocurrency in the US Senate, particularly…
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