Genesis Digital Property, a bitcoin mining firm with 5 information facilities in Texas, used the same framework for selecting the state. Ankit Joshi, Head of North America at Genesis Digital Property, calls it the “3 Ps” of Energy, Objective, and Folks. 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 exhausting work,” he says, which is why the “complete Texas story” resonated with the corporate.
