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.
PENGU Eyes Another 70% Surge as Whale Accumulation and ETF Buzz Fuel Momentum
Pudgy Penguins (PENGU), the meme coin inspired by the popular NFT collection, has seen a dramatic price surge in the...