The University of Texas is increasing its campus revenue by leasing encrypted land resources and other companies in the field

According to Foresight News, Bloomberg reported that the University of Texas is using its land and other resources to increase campus revenue by leasing to companies in the fields of wind, solar, and cryptocurrency. As of August last year, these ground-based research projects have generated a total revenue of nearly 130 million US dollars. This income is equivalent to more than half of the scholarships and grants offered by the University of Texas at Austin (the flagship campus of the state) that year. The Texas Public Utilities Commission approved a $10.1 billion plan in April to build three transmission lines to meet the needs of oil drillers, new data centers, cryptocurrency miners, and hydrogen production plants. In addition, the state has signed four leasing contracts for cryptocurrency mining, which involves recording transactions and creating new currency.