A Tiny Texas Village Is About to Annex a Gigantic Bitcoin Mine

In Oak Valley, a sleepy village in rural Navarro County, Texas, there is very little of anything. A potholed road runs through its two square miles of sun-beaten grassland, past a modest prefab community center and a “poor excuse for a park,” as the local mayor describes it.

Only around 400 people live in Oak Valley. But despite its diminutive size and few resources, the Texas hamlet is preparing to fold into its borders, through unusual means, an industrial-scale bitcoin mine—a move that could increase its annual budget by as much as fortyfold.

Four miles away from Oak Valley on a 265-acre parcel of land, public crypto mining firm Riot Platforms

→ Continue reading at WIRED

Similar Articles

Advertisment

Most Popular