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Crypto Miners’ Electricity Use in Texas Would Equal Another Houston

  • Ercot expects miners to require 6 gigawatts by mid-2023
  • State has been aggressively courting cryptocurrency miners
A crypto mining facility in Rockdale, Texas.

A crypto mining facility in Rockdale, Texas.

Photographer: Mark Felix/AFP/Getty Images
Updated on

The Texas grid operator expects crypto miners to increase electricity demand by up to 6 gigawatts by mid-2023, more than enough to power every home in Houston.

The forecast from the Electric Reliability Council of Texas is the first official estimate on how much stress miners are apt to put on the state’s electrical system. Officials expect 5 to 6 gigawatts of new demand over the next 12 to 15 months, the equivalent of up to about 1.2 million homes.