Texas has turned into a mecca for Bitcoin and other cryptocurrency miners over the last year. It might not appear to be a likely location for virtual token mining, but crypto professionals and billions of dollars in capital are flooding the southern state. This has led to a growing number of cryptocurrency communities across the state—and not only in Austin, which has been dubbed as a sort of Silicon Valley 2.0 in recent years. But why is Texas the primary beneficiary of the “Great Mining Migration?” Energy rates have been a significant factor in the Lone Star State’s crypto boom. Texas’ energy rates are currently ranked the seventh-lowest in the nation, with the annual average price per kilowatt-hour of 8.36 cents, ahead of North Dakota’s 8.53 cents, and behind Nevada’s 8.33 cents. In addition to being the largest energy producer in the country, Texas has deregulated the power grid, facilitating …