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Amid many cryptocurrency mining firms in Texas scaling down operations to reduce the load on the power grid, at least one company set up miners not quite as affected by the state’s energy requirements during extreme heat.In June, White Rock Management expanded its crypto mining operations to Texas — its
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Compute North has now energized 40 megawatts (MW) of a 280MW wind-powered facility in Upton County in West Texas, according to the Monday earnings release. Marathon will be the exclusive client of this site, which is Compute North’s fifth TIER 0™ site, said the statement. The rest of the 280MW
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Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid.In a Friday announcement, Core Scientific said its month-over-month Bitcoin production had increased from 1,106 in June to 1,221 in July —
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American Bitcoin mining firm Riot Blockchain earned an estimated US$9.5 million in power credits in July as it reduced energy consumption and mined fewer Bitcoins.See related article: Bitcoin miners in Texas halt operations amid heat waveFast factsRiot produced 318 Bitcoins in July this year, about 28% less than July last
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Crypto mining firm Riot Blockchain reported it produced fewer Bitcoin (BTC) in July 2022 than that in July 2021 after scaling down operations at its Texas facility.In a Wednesday announcement, Riot said its miners had produced 318 Bitcoin in July, more than 28% less than the 443 BTC the firm reported generating
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The Lone Star State is already an important crypto mining hub, and Republican officials would like to build on that momentum. Source
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The bitcoin mining difficulty adjusted downwards as miners unplugge their machines amid U.S. heatwaves. Source
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The troubled bitcoin mining hosting firm recently laid off 15% of its staff. Original Source
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Several U.S. states including Texas and Alabama are investigating Celsius Network’s decision to halt customer withdrawals. Source
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The Texas State Securities Board has reportedly opened an investigation into crypto lending platform Celsius Network over its decision to suspend user withdrawals.According to a Thursday report from Reuters, Texas State Securities Board director of enforcement division Joseph Rotunda said the regulator began investigating Celsius on Monday shortly after the
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