Texas Bitcoin Miners Are Shuttering Operations While Power Crisis Intensifies
- Miners have seen over 90% curtailment of operations this week
- All industrial scale miners halted operations amid emergency
This article is for subscribers only.
Texas Bitcoin miners, embroiled in a controversy over their energy-intensive operations, are shutting down most of their machines while the state grapples with its power crisis.
The Lone Star state is one of the top destinations for Bitcoin miners thanks to its traditionally low-cost energy and friendly regulations. Large-scale mining companies such as Riot Platforms Inc. and Marathon Digital Holdings Inc. have major facilities across Texas.