Voltus Lines Up Bitcoin Mine to Curb Power Use When Demand Spikes on Biggest U.S. Grid
Crypto miners boost revenue by curtailing power consumption when demand spikes
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Voltus Inc., an energy-management services provider, struck a deal with a cryptocurrency mine planned in Pennsylvania that will scale back its operations when demand for power spikes, freeing up electricity for other users on the biggest U.S. grid.
The facility that Mawson Infrastructure Group Inc. is developing is expected to be completed in June, and the power it uses will be available when needed on the grid that stretches from New Jersey to Illinois, according to a statement Wednesday from San Francisco-based Voltus. The 100 megawatts of capacity the crypto mine will consume is enough to power 80,000 homes on the grid, run by PJM Interconnection LLC.