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.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.