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China's Bitcoin crackdown drives miners toward freewheeling Texas

Heavily deregulated state struggles with severe power supply issues

Known for light regulation and business-friendly environment, Texas is being seen as good alternative to China by miners.   © Reuters

TOKYO -- As China's clampdown on cryptocurrency drives miners out of a country that had dominated the industry, the U.S. state of Texas is emerging as a destination of choice thanks to cheap electricity and a more welcoming environment.

Despite its abundance of fossil fuels and wind power, however, the state is struggling with its own power supply issues.

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