Crypto Miner Will Use Batteries to Ease Strain on Texas Grid

A Bitcoin mining facility under construction in Fort Stockton, Texas in April 2022. — A Bitcoin mining facility under construction in Fort Stockton, Texas in April 2022.
Photographer: Jordan Vonderhaar/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Naureen S Malik

July 7, 2022 at 12:00 PM UTC

This article is for subscribers only.

Lancium Inc., which develops cryptocurrency infrastructure, signed a deal with a Texas battery-storage provider that will allow it to continue mining without putting stress on the state’s grid when demand spikes.

A unit of Broad Reach Power LLC will supply power for Lancium’s Fort Stockton 25 megawatt facility in West Texas, according to a statement Thursday.