A U.S. city is raising alarms about the negative impact of a nearby Bitcoin mining operation.
A group of residents from Granbury, Texas, has taken legal action against Marathon Digital, alleging that the noise from its Bitcoin mining operations is detrimental to their health and quality of life.
They claim the persistent sound has led to various ailments, including headaches, fatigue, and even exacerbated existing health conditions like hypertension.
This lawsuit highlights the escalating tensions between Bitcoin mining activities and local communities, as facilities often operate nonstop. Residents assert that the noise levels from the mining site create a significant disturbance, impacting their daily lives.
Additionally, Bitcoin mining faces scrutiny for its substantial environmental footprint, with reports indicating that it consumes more electricity annually than some countries, resulting in higher carbon emissions and contributing to climate change. As the industry grows, many areas are becoming cautious about permitting such operations.
U.S. stocks faced a dramatic downturn on Thursday, marking the most severe one-day drop since 2020.
JPMorgan analysts are raising doubts about Bitcoin’s role as “digital gold” as demand for traditional gold continues to strengthen.
Cryptocurrency analyst Ali Martinez has raised concerns about Ethereum’s future performance against Bitcoin, suggesting a significant decline could be on the horizon.
The U.S. Bitcoin mining sector is gearing up for potential challenges after President Donald Trump announced new tariffs, set to take effect on April 5.