Donna Carol-Logeais started investing online into crypto currency, and then her son started his own business, Geosyn Mining. She visited his new warehouse location northwest of Fort Worth on Saturday, March 14, 2022. She now invests with him. Joyce Marshall/for the Chronicle)As an elementary school teacher and single mom in the late 1990s, Donna Campbell-Logeais missed out on lucrative investment opportunities like the internet boom.
But it is also adding massive new demand to the state’s fragile electricity grid and putting pressure on legislators to harness the growth in ways that are sustainable — and that don’t price out residential consumers. “I don’t think anybody thinks all of that will be built, but it’s still a tremendous amount,” said Cyrus Reed, conservation director for the Lone Star Chapter of the Sierra Club.
Geosyn mostly operates other people’s servers, akin to a web host, and draws electricity directly from the grid. Carol-Logeais put down about $30,000 herself and owns four units.