The Texas Bitcoin mining industry is lucky to have the backing of Sen. Ted Cruz.

Cruz, who announced his withdrawal from the Republican presidential race in February, was on Fox News Radio this week touting the benefits Bitcoin mining is bringing to the lone star state.

Referring to how Bitcoin can help energy grids during batches of extreme weather, Cruz stated “I am a big believer in Bitcoin mining and cryptocurrency.”

“Bitcoin mining can enhance the resiliency of the grid,” the senator continued, explaining how machines can easily power down in “times of crisis,” becoming “emergency reservoirs of power.”

Texas is going through a bout of inclement weather at the moment. Recording its second hottest summer on record, the state’s local grid—which supplies power to 25 million Texans, roughly 90% of the state—was forced to implement emergency measures. 

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Author: Pedro Solimano

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