This Texas Town Was Deep In Debt From A Devastating Winter Storm. Then A Crypto Miner Came Knocking.
A 2021 winter storm overwhelmed Denton's power grid, pushing the city into crushing debt. Then a faceless company arrived with a promise to refill its coffers — and double its energy use.
Bitcoin miners keep picking up their operations and moving to more lucrative destinations. Now, their sights are trained on the US.