It is reported that Texas Pacific Land Corporation announced the establishment of a new Bitcoin mining enterprise in West Texas! One of the largest landowners in Texas worked with a digital infrastructure provider and Bitcoin miners to build a mining facility in western Texas.

The mining enterprise will obtain up to 60 megawatts of power bitcoin mining capacity. JAI Energy is the largest Bitcoin mine in Wyoming.

Texas Pacific Land Corporation (NYSE:.

Tyler Glover, CEO of TPL, a digital infrastructure provider, said: "This project marks the beginning of TPL's journey into Bitcoin. We are lucky to be able to cooperate with two respected companies in the bitcoin mining industry, Mawson and JAI. "We believe that TPL's broad ground footprint in West Texas can serve as the preferred destination for Bitcoin mining, provide a site location close to the existing grid infrastructure, and provide excellent solar and wind energy resources for future renewable energy procurement."

Morson and Jay have four planned locations, all of which will be located in Texas, two of which will be on the surface of third-party logistics. Although the construction is expected to start in the second quarter of 2022, it is expected to be put into operation in the fourth quarter of 2022.

"We want to see this project succeed and scale up because we want to leverage our unique asset base, industry and customer relationships, and the region's abundant energy," Glover said "For third-party logistics, our shareholders will benefit from a unique royalty flow, while retaining the option to participate as equity partners."

These facilities will be owned and operated by Mosen, and can support the bitcoin mining capacity of up to 2 trillion times (2EH/s). JAI and TPL will receive royalty interest while maintaining the ability to acquire equity.

"Texas is rapidly becoming an attractive new Bitcoin mining destination in the United States, and we are eager to establish a foothold in the state," said James Manning, founder and CEO of Morrison.