Compass Mining, the world's first online marketplace for Bitcoin mining hardware and hosting, today announces its membership of the Texas Blockchain Council (TBC).
TBC launched in November 2020 with the goal of growing the cryptocurrency industry's presence in Texas and educating the state's legislators on how to craft policy that best accelerates this growth. Bitcoin mining in particular has seen rapid growth in Texas for the past few years, and TBC wants to work with local lawmakers to continue that trend. TBC is a nonprofit trade association with over two dozen members, including Unchained Capital, Cormint Data and Argo Blockchain.
Listen to the Compass Podcast interview with Lee Bratcher and Nathan Nichols.
"The importance of the Texas Blockchain Council's work cannot be understated. Educating Texan legislators on the complexities of the Bitcoin mining industry and helping build Texas into a home for miners is a mission Compass wholeheartedly supports. Our entire team is excited to join the Council's efforts," said Whit Gibbs, co-founder and CEO of Compass.
Many Compass miners already call Texas home, with hundreds of machines hosted in facilities throughout the state. The Compass team is eager to work with TBC and its members as vocal advocates for understanding Bitcoin mining promoting cryptocurrency innovation to make Texas an even more inviting destination for miners.
"Whit Gibbs and the entire Compass Mining team are outspoken advocates for the cryptocurrency mining industry, and they work tirelessly to make mining accessible to retail clients. We are proud to have Compass as a strategic partner and to work alongside them to educate lawmakers and the public about this industry," said Lee Bratcher, President of the Texas Blockchain Council.