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Author: Admin | 2025-04-28
21,592 followers 4mo Edited "Bitcoin is like a digital oil well, poised to fuel the economic revival of rural Texas — if we allow it to grow," said Rockdale Mayor Ward Roddam in an op-ed via Austin American-Statesman. At Riot, we’re proud to lead the revitalization of the communities in which we operate, fostering growth and innovation that empower local economies.Read the full op-ed Bitcoin mining revived my rural community here: https://lnkd.in/grev658x Opinion: Rockdale mayor: Bitcoin mining revived my rural community statesman.com Bitcoin mining strengthens Texas by stabilizing the grid through demand response, utilizing excess renewable energy, and encouraging further development of wind and solar. It boosts the economy by creating jobs and attracting investment, especially in rural areas. Miners also help Texas remain energy-independent by using the state’s abundant resources like natural gas and renewables. A win-win for energy efficiency and economic growth! #Bitcoin #Energy #Texas Bitcoin mining fueling economic growth in rural Texas—amazing to see local communities thrive with innovation. Do you Have investment online platform in Bangladesh? See more comments To view or add a comment, sign in More Relevant Posts British Columbia is maintaining its ban on new Bitcoin mining connections until December 2025, even as Vancouver explores becoming a "bitcoin-friendly city." ⚡ 🍃 While Vancouver's City Council sees economic opportunity in Bitcoin and digital assets, the province has doubled down on its position, citing energy concerns and granting itself new powers to regulate electricity access for crypto mining through updates to the Energy Statutes Amendment Act.This decision raises broader questions:- How will energy-intensive industries—like AI, liquified natural gas, or Bitcoin mining—be regulated in the future?- What are the long-term economic implications for Canada if innovation is restricted due to provincial energy policies?Balancing innovation, economic growth, and sustainability is a challenge that requires collaboration between policymakers, industry leaders, and innovators.What do you think is the best path forward for Canada? 🇨🇦 https://lnkd.in/eJCZ7ghT British Columbia Maintains Bitcoin Mining Ban Despite Vancouver's 'BTC-Friendly City' Motion coindesk.com To view or add a comment, sign in Tech Entrepreneur | Founder of Texas' First Crypto Investment Fund 🤘🏼 4mo The opinion piece by Rockdale Mayor John Roddam highlights the transformative impact Bitcoin mining has had on his town, which faced economic challenges after the closure of a major aluminum plant. Here are some key takeaways for Texans in the Oil & Gas sector who may not yet understand the significance of Bitcoin and cryptocurrency:1. Economic Revival Through Bitcoin: Roddam describes Bitcoin mining as ushering in a "digital energy boom," similar to past energy booms in Texas, with Rockdale serving as a model for revitalization. The town has witnessed a significant resurgence due to Bitcoin mining, with over $1 billion invested in the local economy.2. Job Creation: Contrary to some perceptions, Bitcoin mining has created hundreds of mid-skill jobs in Rockdale, providing well-paying employment opportunities for locals without necessitating relocation. This stands in stark contrast to the job losses experienced when the aluminum plant shut down.3. Community Investment: Bitcoin mining companies are
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