Crypto miner backs US senator's efforts to incentivize using flared gas

Senator Ted Cruz introduces FLARE Act to repurpose flared gas for Bitcoin mining - Invest In Crypto News

Senator Ted Cruz introduced legislation on April 1 to repurpose flared gas and use it to generate “value-added products,” like mining Bitcoin (BTC) and other digital assets. The bill, called the Facilitating Lower Atmospheric Released Emissions (FLARE) Act, proposes using natural gas produced during oil drilling operations and providing incentives through tax advantages. Full expensing would allow companies to deduct the cost of qualified proper…

Crypto Market Recap: Senator Cruz Supports Bitcoin Mining with FLARE Act, Sony Singapore Adopts USDC

Here’s a quick recap of the crypto landscape for Wednesday (April 2) as of 9:00 a.m. UTC. Bitcoin and Ethereum price update At the time of this writing, Bitcoin (BTC) was changing hands at US$84,665.33. The day’s range has brought a low of US$83,166.18 and a high of US$$86,128.57. Bitcoin performance, April 2, 2025. Chart via TradingView The cryptocurrency is staging a modest recovery ahead of US President Donald Trump’s sweeping tariffs policy…

Sen. Ted Cruz Introduces Bill to Promote On-Site Energy Generation

U.S. Sen. Ted Cruz (R-Texas) introduced the Facilitate Lower Atmospheric Released Emissions (FLARE) Act. By promoting on-site energy generation, the bill decentralizes electricity sources and strengthens grid resiliency during periods of high demand or extreme weather.Upon introduction, Sen. Cruz said, “I am committed to making Texas the number one place for Bitcoin mining.

Key points of the news FLARE Bill Proposal: Senator Ted Cruz introduces the FLARE Act to reuse burnt natural gas for Bitcoin mining through tax incentives for companies that invest in waste gas infrastructure, effective from 2026. Dual-purpose legislation: The bill seeks to boost Bitcoin's sustainable mining by reducing environmental emissions from waste gas and taking advantage of excess energy for cryptocurrency operations.

Ted Cruz Introduces FLARE Act to Repurpose Flared Gas for Bitcoin Mining

The Texas Senator’s Facilitate Lower Atmospheric Released Emissions bill aims to make the state “the number one place for Bitcoin mining.”

Ted Cruz introduces FLARE Act to incentivize Bitcoin mining with waste gas

United States Senator Ted Cruz has introduced a new bill that offers tax incentives for cryptocurrency miners using flared natural gas to power mining operations. In an April 1 announcement, Cruz unveiled the Facilitating Lower Atmospheric Released Emissions Act, which…