The post Texas Residents Lost $56.8M to Crypto ATM Scams in One Year appeared on BitcoinEthereumNews.com.
Texas residents lost $56.8M to crypto ATM scams over the past twelve months. Around 1,200 Texas victims fell for the scams, averaging a loss of $47,000 each. Scammers pose as officials and tell victims to convert cash at crypto ATMs fast. More than a thousand Texas residents have collectively lost $56.8 million to cryptocurrency ATM scams over the past twelve months, according to new data highlighting a fast-growing fraud problem that is hitting ordinary people across the state. How the Scam Works The scheme follows a consistent pattern. Fraudsters contact victims by phone, posing as government officials, law enforcement agents, or corporate employees. The caller tells the target they are in serious legal trouble, owe an outstanding debt, or that their bank account has been compromised and needs to be protected immediately. Once the victim is alarmed and compliant, the scammer inst
The post MARA Expands Texas Footprint With New AI Data Center Project appeared on BitcoinEthereumNews.com.
MARA Holdings is strengthening its digital infrastructure strategy after agreeing to acquire a large powered land site in Matagorda County, Texas, from HIF USA. The transaction gives the Bitcoin miner another major growth platform as demand for artificial intelligence computing and energy-intensive data centers continues to rise. Besides supporting Bitcoin mining, the project will target high-performance computing customers, helping MARA diversify its long-term revenue opportunities while expanding its access to large-scale power capacity. Project Targets AI and Bitcoin Growth According to the press release, the 1,200-acre property could deliver an initial 1 gigawatt of electricity by October 2027. Capacity could expand to 2 gigawatts by April 2028. Consequently, MARA’s total potential power portfolio would reach about 4.8 gigawatts, including its planned Long Ridge Energy acquis
The post Bitcoin Miner MARA Acquires 1,200-Acre Texas Site as Shares Jump 12% appeared on BitcoinEthereumNews.com.
Bitcoin News Bitcoin miner MARA Holdings has agreed to acquire a 1,200-acre powered land site in Texas, sending its shares more than 12% higher on the day. The Miami-based company, one of the largest publicly traded Bitcoin (BTC) mining operators, said it will develop the property into a large-scale digital infrastructure campus supporting both high-performance computing and mining. The deal marks another step in miners diversifying beyond block rewards toward power-intensive artificial-intelligence workloads. The company’s investor-relations disclosure confirms a definitive agreement with synthetic-fuels developer HIF USA to purchase the parcel, extending a stock rally that has outpaced most crypto-linked equities this year. The site sits in Matagorda County, roughly 90 miles southwest of Houston, and comes with substantial grid access. According to the official filing, t
The post ‘Tools for scammers’- Tennessee’s crypto ATM ban hits record 10K uninstallations appeared on BitcoinEthereumNews.com.
Crypto ATM operator CoinFlip has suffered another blow in Tennessee. In a recent statement, Tennessee Attorney General Jonathan Skrmetti confirmed that the ban on crypto ATMs will go into effect. This move followed a failed attempt by CoinFlip and the broader crypto ATM sector to block the ban after a federal court sided with Tennessee. For AG Skrmetti, cryptocurrency ATMs are “tools for scammers” and “benefit fraudsters” more than citizens. The General Assembly recognized that these machines benefit fraudsters at the expense of everyday citizens, and the Court recognized the strong public interest in allowing this law to take effect while the case proceeds. Under Tennessee law, Public Chapter 766 classifies the operation of crypto kiosks or crypto ATMs knowingly as a Class A misdemeanor. Will the crypto ATM crackdown affect adoption? The state moved to ban
The post MARA Stock Jumps on 2 GW Texas Power Site Acquisition appeared on BitcoinEthereumNews.com.
Bitcoin miner MARA Holdings shares rose about 15% in early trading Thursday after the company announced plans to acquire a Texas powered-land site with access to up to 2 gigawatts of electricity for AI computing and Bitcoin mining. The 1,200-acre site in Matagorda county, about 90 miles southwest of Houston, is expected to provide access to an initial 1 GW of grid capacity by October 2027 and up to 2 GW by April 2028. MARA said it plans to develop the site as a digital infrastructure campus supporting both high-performance computing and Bitcoin mining. Upon full energization, the site is expected to more than double the Bitcoin (BTC) miner’s potential power capacity to about 4.8 GW. HIF USA will retain a minority ownership stake in the project if MARA signs a lease with a high-performance computing tenant, according to the companies. The companies did not disclose financial terms of the
The post SpaceX Plans to Send ‘Thousands’ to the Moon and Mars In 10 Years, Musk Claims appeared on BitcoinEthereumNews.com.
Topline SpaceX Elon Musk predicted SpaceX would send humans back to the Moon and Mars in the next five years and build permanent cities on the lunar surface in the next ten years—offering wildly optimistic targets for space travel in a recent interview with Texas Gov. Greg Abbott. The billionaire CEO said the company planned to land astronauts back on the moon in the next few years, before eventually building a permanent “metropolis” on its surface.” AFP via Getty Images Key Facts In the interview with Abbott, who was guest hosting Sean Hannity’s talk radio show on Wednesday, Musk said he hoped to transport up to “tens of thousands” of people to a base on the Moon in the next ten years—what he admitted was a “pretty outrageous number given that you know, there’s only about a dozen or so people that have been to the Moon so far.” He said the company hoped to land
The Bitcoin miner's shares climbed about 15% after announcing it's acquiring a Texas site with up to 2 GW of power capacity to expand its AI and digital infrastructure strategy.
The post MARA Stock Pops as Bitcoin Miner Agrees to Acquire Massive Powered Texas Land Plot appeared on BitcoinEthereumNews.com.
In brief MARA Holdings is acquiring a 1,200+ acre powered site in Matagorda County, Texas from HIF USA, gaining access to up to 2 GW of grid capacity by April 2028. The site will become a computing campus for AI/HPC workloads and Bitcoin mining; HIF keeps a minority stake and continues its fuel projects elsewhere. MARA shares spiked Thursday following the announcement, now up more than 50% so far in 2026. MARA Holdings, the publicly traded Bitcoin-mining giant, is deepening its bet that America’s power grid—not the cryptocurrency itself—is the real asset worth owning. And its stock is flying Thursday following the announcement. The Miami-based company announced Thursday that it has struck a deal with HIF USA, a synthetic-fuels developer, to acquire a sprawling piece of land in Matagorda County, Texas, about 90 miles southwest of Houston. The site, spanning mo
