Bitcoin mining firm Blockap has moved its headquarters from Las Vegas to Austin, Texas, an emerging hub for nascent technologies.

Per an announcement on Blockcap’s website, the firm chose Austin as its new headquarters for its workforce, favorable regulations, “as well as pronouncements by Governor Abbott and his team regarding protecting blockchain technology,” founder and executive chairman Darin Feinstein said.

Abbott shared the announcement via Twitter, tagging the @Bitcoin Twitter handle. He has recently been embracing innovation in digital asset technology for the Lone Star State. At the end of March, for instance, he signaled his support for new cryptocurrency laws.

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