The Zilker Holiday Tree will adorn the park yet again this holiday season near the site of this year's first drive-thru Trail of Lights.
The tree will be installed on Oct. 23 but won't be lit until Nov. 29 at 6 p.m., during the first-ever virtual lighting ceremony for its 54th anniversary. Additionally, Zilker Park closures will begin Oct. 30 to make room for the 2020 Trail of Lights holiday event.
While the Trail of Lights will be held in a drive-thru capacity, the City of Austin has yet to announce whether or not the Zilker Holiday Tree will be available for in-person viewing. A decision should be decided in the coming months after assessing the state of the pandemic.
The installation of the tree will transform the Zilker moontower, one of 15 remaining moontowers in Austin, with 39 strings of lights. The tree is the largest man-made tree on display and stands 155 feet tall, encompassing the moontower. This year, the tree will use all LED bulbs, which last longer and consume less electricity.
The Zilker Holiday Tree will be on display from Nov. 29 through Jan. 1 from 6 p.m. to midnight every night. The lighting ceremony will be streamed on ATXN Channel 6 and on social media channels of Austin Parks and Recreation Department, City of Austin and Austin Energy.
And while the Trail of Lights opens Nov. 28 through Jan. 3 as a drive thru, the impact to Zilker Park is similar to past years.
Starting Oct. 30, the city will close Lou Neff Road—the road that circles the park grounds where the Trail of Lights and Austin City Limits Music Festival occurs. The 45-acre off-leash Great Lawn will remain open, however, through Nov. 8, according to a map provided by the city. Alternative parking sites have been identified for those still hoping to use the green space.
Starting Nov. 9, roughly half of the Great Lawn portion of Zilker Park will close to allow Trail of Lights event organizers to start setting up. Additionally, Rollingwood Drive just west of MoPac will restrict traffic to only allow neighborhood residents each evening from 5-11 p.m. Stratford Drive near Lady Bird Lake will also close to all through traffic each night starting Nov. 9.
The map outlines the complicated routes motorists must take to access the event, showing option for both northbound and southbound motorists on MoPac. Essentially, attendees are directed down Lake Austin Boulevard and past Red Bud Isle before circling back toward Zilker Park.
The partial park closure runs through Jan. 10, allowing event organizers almost a week to deconstruct the Winter Wonderland, including all 2 million lights, 90 lighted holiday trees and 70-plus other holiday displays. That means Zilker Park will have limited access for little more than two months.
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An Austin-based firm that’s established itself as one of the top Bitcoin miners in North America is set to go public.
On Thursday, the company, known as Core Scientific Inc., announced it’s now trading on Nasdaq as $CORZ. The stock opened at $9.74 per share then peaked at $10.48. The company was assigned a $414 million market cap.
"As one of the largest publicly-traded blockchain infrastructure providers and digital asset miners in North America, we are focused on growing our capacity, defending and securing the blockchain ecosystem and building long-term shareholder value," CEO Mike Levitt said.
As reported by Yahoo News, investors approved a plan for a public debut through a $4.3 billion merger with special purpose acquisition company Power & Digital Infrastructure Acquisition Corp. The deal arrives as Austin sees its crypto scene soar, with increased activity in the NFT economy and groups pooling their money together through DAOs.
Core Scientific was established in 2017 and relocated its headquarters from Seattle to Austin last year. It has a site in Downtown Austin on 106 E. 6th St. and data centers in Georgia, Kentucky, North Carolina and North Dakota. More than 100 full-time employees are in the U.S., but it's unclear how many are in Austin.
Now, they say they are the biggest Bitcoin miners based on processing power, with claims that the combined mining capacity on the Bitcoin network exceeds that of competitors. And SEC filings from earlier this month show it's in the process of acquiring Blockcap, Inc., which moved to Austin last year.
The company describes itself as a leader in high-performance, carbon-neutral blockchain infrastructure in an industry that catches flak for its energy use.
Aside from mining, the company provides internet hosting services for other large-scale miners. In fact, it derives about half its revenue by helping big customers mine, a quality seen in what’s often referred to as an “institutional-grade” miner.
Looking ahead, Core Scientific seems optimistic about the year ahead even as Bitcoin falls from its all-time high.
“We’ve worked hard to lay the groundwork that will enable us to achieve our 2022 projections,” Levitt told Yahoo News. “Our objective is to be the best. Being the best means doing all that we can for our business, the industry in which we participate and for the Bitcoin network.”
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Watch some Cricket
When: 5:30-10 p.m. Saturday and Sunday
Where: The Crossover, 1717 Scottsdale Drive
What: Looking for a new sport to obsess over? Attend one of Sports Movement’s indoor cricket matches.
Le Garage Sale
When: 11 a.m. Saturday and Sunday
Where: Palmer Events Center, 900 Barton Springs Rd.
What: Find over 100+ boutiques, brands and designers at Le Garage sale. Shop leisurewear, accessories, menswear, children’s apparel, home decor and more. Tickets start at $10.
See a movie at the drive-in
When: 6:25-8:45 p.m., 9:15-10:50 p.m. Saturday
Where: The Globe Drive-In Theater, 8017 Cele Rd.
What: This weekend you can see Harry Potter and the Prisoner of Azkaban at 6:25 p.m. or you can see The Cabin in the Woods at 9:15 p.m. at the drive-in. Tickets cost $16 per car.
Museum of Ice Cream
When: 11:30 a.m Saturday and Sunday
Where: Museum of Ice Cream, 11410 Century Oaks Ter.
What: The Museum of Ice Cream is featuring 12 never-before-seen instillations celebrating the enjoyment of ice cream. View tickets here.
The Austin Flea
When: 12 p.m. Sunday
Where: Meanwhile Brewing, 3901 Promontory Point Dr.
What: Find handmade items, vintage wares, food and drink and more at The Austin Flea at Meanwhile Brewing. Vendors are handpicked for each show to guarantee a great selection of items to shop for.