Less than two weeks ago, Layer1 commenced mining operations at its facility in western Texas, bringing multiple 2.5-megawatt container rigs online.

Texas is the largest producer of wind power in the United States, outproducing the second, third, and fourth-largest producers combined. If Texas were an independent nation, it would be the world's fifth-largest generator of wind power worldwide.

Despite the cheap electricity, many miners have avoided the Lone Star state due to its heat - with temperatures regularly exceeding 90 degrees for half of each year. To combat the heat, Layer1's mining apparatus comprises 20-by-8 shipping containers filled with miners that are suspended in a non-conductive liquid. 

"If they were air-cooled, the processors would burn up," Liegl told Forbes.