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Genesis Digital Property, a bitcoin mining firm with 5 knowledge facilities in Texas, used an analogous framework for selecting the state. Ankit Joshi, Head of North America at Genesis Digital Property, calls it the “3 Ps” of Energy, Objective, and Individuals. Texas has low cost energy. As for function? “Bitcoin is all about freedom,” says Joshi. “And in my dealings with the utilities and the regulators, Texas is all about freedom. Texas is all about arduous work,” he says, which is why the “complete Texas story” resonated with the corporate.
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