Texas Pays Riot Platforms $31.7M To Limit Bitcoin Mining Operations During Heat Wave

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08 Sep 2023 0 shares 1 views

Texas Pays Riot Platforms $31.7M To Limit Bitcoin Mining Operations During Heat Wave

Upworthy

Published 08 Sep 2023

Riot Platforms Inc. RIOT, a company that profited from Bitcoin BTC/USD mining during the crypto boom of 2021, is now facing substantial losses and relying on energy credits to control costs. What Happened: The Texas power grid operator the Electric Reliability Council of Texas (ERCOT), awarded…

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Texas paid bitcoin miner Riot $31.7 million to shut down during heat wave in August

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Bitcoin miner Riot Platforms raked in $31.7 million in energy credits from Texas power grid operator ERCOT in August. • During a..

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Riot racks up over $31M in energy credits due to Texas heat wave

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Texas Pays Riot Platforms $31.7M To Limit Bitcoin Mining Operations During Heat Wave

Texas Pays Riot Platforms $31.7M To Limit Bitcoin Mining Operations During Heat Wave

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