RIOT - Bitcoin Miners Hit Pause In Texas As Energy Crisis Stalls Operations | Benzinga
Bitcoin miners in Texas are temporarily powering down their operations amid the state's ongoing energy crisis.
Texas, known for its affordable energy and accommodating regulations, is a favored location for mining giants like Riot Platforms Inc. (NASDAQ: RIOT) and Marathon Digital Holdings Inc. (NASDAQ: MARA)
However, as the state confronts severe power challenges, exacerbated by recent extreme weather events, the Biden administration announced a power emergency.
Lee Bratcher, the Texas Blockchain Council's president, said, "We have consistently been seeing 90% plus curtailment of Bitcoin mining each day this week ...