COUNTY OF TARRANT (CBSDFW.COM) – Fort Worth is believed to be the first city in the nation to begin mining its own Bitcoin, from inside City Hall.
The city council on Tuesday unanimously approved the donation of three Bitcoin mining machines from the Texas Blockchain Council, and the start of a pilot program that will last at least six months.
The idea aims to position Fort Worth as a potential landing spot for businesses in the cryptocurrency industry, with a resolution saying it wants to be a “leader and jurisdiction of choice” in welcoming businesses .
The conversation around cryptocurrencies is happening among entrepreneurs and investors, Mayor Mattie Parker said after the vote, and she thinks Fort Worth should be in that conversation.
“It’s important for Fort Worth to put our stake in the ground and say ‘what do we want to be when we grow up.’ fastest growing, and we need to be a city that attracts and retains top talent and we think cryptocurrency will be a big part of that,” she said.
Texas Blockchain Council’s Lee Bratcher said Fort Worth’s location near major mining operations in West Texas, along with its growth and tech-embracing leadership, made it the right city to try its own mining.
“Fort Worth is planting a flag in the ground saying they want to be a city that embraces innovation and embraces technology,” he said.
Texas has been a draw for technology, with the largest mining operation in North America
The Texas Legislature also passed bills in 2021 aimed at growing the industry.
Parker backed more tech companies in the city during his first year in office. Last week, the city celebrated the start of construction by MP Materials of a production facility for rare-earth metals and magnets, which will be used in electric vehicles, drones and other new technologies.
Last week, the mayor of Jackson, Tennessee announced that his city would consider mining its own Bitcoin, and Miami, Florida has been courting the industry heavily.