CoinShares recently conducted a due diligence assessment of several Bitcoin mining facilities in Texas, including those run by Core Scientific, IREN, Riot Platforms, and Galaxy Digital. Texas, with its low-cost land and electricity, has become a hub for Bitcoin mining. Innovative cooling solutions are critical for efficient operations in the state's hot climate. Despite financial challenges, these companies are expanding their operations and investing in renewable energy. This trend is expected to significantly increase Bitcoin's network hash rate by the end of 2024.

For more details, visit [0xzx.com](https://0xzx.com/2024070504484590239.html).