A quick summary of an ongoing hearing in Waco, Texas where the Texas Blockchain Council and Riot Platforms, Inc. are seeking a restraining order temporarily blocking the EIA emergency survey.
A 125MW Bitcoin mining facility run by Rhodium Enterprises was forced to shut down last week by Rockdale, TX site operator and Riot Platform’s subsidiary Whinstone Inc. after armed security entered the premises.
Hash rate had its first major drawdown since July 2021 and public miners are feeling the pressure as tough conditions may last for a sustained period of time.
The report explores what Bitcoin needs to achieve in order to scale Bitcoin transactions to 7 billion people and what the process looks like over the next 20 years.
