Texas House Bill (H.B.) 4258 authorizes the state’s comptroller to invest funds from the state’s Economic Stabilization Fund, often considered its “Rainy Day Fund”, into bitcoin and/or other cryptocurrencies.
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.