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A Tiny Texas Village Is About to Annex a Gigantic Bitcoin Mine
In a roundabout bid to win public opinion (and a juicy tax abatement,) Riot Platforms is preparing for its prized bitcoin mine to be annexed by a miniscule village in rural Texas.
Since February 2022, the company has sought a property tax abatement in Navarro County worth roughly $6 million over 10 years, according to an economic impact report commissioned by Riot at the local government’s request. The residents that oppose Riot in Navarro County cite various concerns, relating to potential noise pollution, the use of natural resources, and the facility’s possible effect on energy prices and the already-shaky Texas power grid. “I never acted upon trying to broker any deal with the county for a partial abatement in order to have donated funds go towards animal control...and was never asked to by Riot Platforms.” Taylor says that he expects the annexation to be finalized in “maybe late August or September.”
Or read this on Wired