House Bill 1600 explicitly targets the commercial mining of digital assets, proposing tax-exempt status for selling essential mining machinery and equipment. This includes servers, computers, software, electricity, cabling, and transformers. The bill defines commercial mining as using blockchain technology to mine digital assets at a colocation facility. This legislative effort is part of a broader move to foster a crypto-friendly environment in the state, attracting more digital asset operations.
Bitcoin Plunge: Could BTC Dip Under $100K?
On June 5, Bitcoin (BTC) saw a sharp decline, dropping to $100,000 following the fallout between Elon Musk and Donald...