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Shaky grid can't handle crypto energy-guzzlers

While Texans this year sweated out the hottest August ever recorded and paid budget-crushing electricity bills to cool their homes, at least one Bitcoin mining company made millions in extra profits when the stateโ€™s electric grid nearly ran out of juice.[San Marcos, TX] [Hays County news] Opinions San Marcos News, San Marcos Record [Texas State]
New York United States Wood Mackenzie Greg Abbott New York Times Public Utility Commission

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Riot Bitcoin Mines profits $31.7M While Texans Suffer Extreme Heat

Washington, DC (September 7, 2023)โ€”While Texans suffered from record-breaking extreme heat this summer and sky-high electricity bills, Riot Platforms, a Bitcoin mining company, was getting paid by Electric Reliability Council of Texas (ERCOT) for simply shutting down. In August alone, Riot made $31.7 million dollars in energy credits for cutting back its energy use. That
United States Joshua Archer Gujari Singh Reliability Council Of Texas Greenpeace United States Senior Communications Specialist While Texans

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