Week in BTX: Sept. 16, 2021

Welcome to the fourth Week in BTX newsletter.

General

• CNBC’s MacKenzie Sigalos profile of the Houston Bitcoin Meetup continues to generate additional press coverage. The latest from CleanTechnica is riddled with mistakes. All press is good press right?

• Texas State Securities Board filed an emergency cease and desist order against Immortal Assets and its owner, Michael Wichkoski. The parties, purportedly operating from Plantersville, Texas, are accused of promoting an illegal cryptocurrency trading program.

Public Policy/Politics/Regulatory

• EVERGREEN: Infrastructure bill fight continues in Congress. Have you called your US Congressman yet? Seriously, have you?

• Lee Bratcher, president of the Texas Blockchain Council, is not satisfied with passing two pro Bitcoin bills into law, now he wants to integrate Bitcoin into the Texas Constitution, potentially as a constitutional amendment.

Mining

• Argo Blockchain received $25 million from Galaxy Digital LP, using a portion of Argo’s BTC holdings as collateral, to continue the build-out of the Argo’s West Texas renewable energy-powered Bitcoin mining facility.

• Argo Blockchain intends to IPO in the US at $18.40 per share. At the proposed price, Argo Blockchain would command a fully diluted market value of $855 million. IPO is available to retail on Robinhood, of course.

• Lancium breaks ground on “Clean Campus” in Fort Stockton, Texas with initial use of a 325 MW Bitcoin mining facility online in Q1 2022 (25MW) and full scale by Q4 2022.

Events

• Houston Bitcoin Meetup Sept. 22 at 6:15pm in a super secret Bitcoin Citadel according to CNBC

• The Digital Assets AND Securities Conference Sept. 21-23 in Austin

• Texas Blockchain Summit hosted by the Texas Blockchain Council, Oct. 8th in Austin

• Consensus June 10-12, 2022 in Austin

• BitBlockParty June 10, 2022 during Consensus in Austin

• BitBlockBoom is coming to Austin 2022, details to be announced

• Bitcoin2022 Conference April 6-9, 2022 in Miami (10% off with code TEXAS10)

Jobs

• Unchained Capital is hiring numerous positions, including Compliance Manager, Director of Finance, Product Manager and Software Engineers.

• Riot Blockchain is hiring in Austin for HR and Lead Software Developer

• Satoshi Energy is hiring a Development Manager in Austin.

• NYDIG is hiring a Client Experience Associate in Houston.

• Bitcoin Depot is hiring an Account Manager in Dallas.

People on the Move

• Send me your career moves for a shoutout!

Bitcoin Citadel

• Brewster Ranch in west Texas, half the size of Rhode Island with over 424,000 contiguous acres, is listed for $324 million. William H. Emory described this area bordering the Rio Grande as "never having been traversed by civilized man, because of the impassable character of the river; walled in at places by stupendous rocky barriers and escaping through chasms blocked up by huge rocks that have fallen from impending heights.” Sounds like a great location for a Bitcoin Citadel.

To Ponder While You Wander

• “The amount of bitcoin added to the network today, tomorrow, and twenty years from now is publicly known and verifiable. These rules are not subject to the whims of politicians or any other group, save the people who chose to own BTC.” - Al’s Lacrosse’s epic tweet storm rebutting Binyamin Appelbaum hit piece on Bitcoin in the New York Times.