An ASIC facility in West Texas is mining Bitcoin using stranded natural gas, with output deposited into Coinbase custody.

1 report, 1 independent Updated Sep 2

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Bitcoin Coinbase ASIC

Keep exploring

Part of

The production of Bitcoin is being driven by proprietary ASIC technology, with potential colocation sites identified in Ohio and Texas. All 1 developments

The entities involved

Bitcoin
digital cash system and associated currency
- Tensions between the US and Iran are pressuring market narratives, while President Trump's remarks are reportedly derailing nuclear talks.Mon 17:50
- Bitmine holds 4.7% of total Ethereum coin supply and 205 Bitcoin, with Founders Fund among its institutional investors.Mon 16:28
Coinbase
American company that operates a cryptocurrency exchange platform
- Citi is utilizing Coinbase for digital asset infrastructure.Mon 17:31
- Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.Mon 04:46
ASIC
organization

Nothing else this week.

Related events

A company co-founded by Whitehead, Giga Energy, has established a bitcoin mining facility in Brazoria County, Texas, amidst the broader Texas data center boom.Sep 12

Coverage

Newest first; wire copies grouped

Sep 2proactiveinvestors.co.uk