1 / 1 Relevant items tagged with #ERCOT

Posts

Bitcoin decentralization is a matter of national security — Auradine CEO

[Oct 4 8:18 PM] According to CryptoQuant, the current Bitcoin network difficulty is 88.4 trillion — down from the 92 trillion recorded on Sept. 20, 2024.

Riot Platforms’ Bitcoin holdings cross 10K BTC, production drops

[Sep 6 8:51 AM] Riot Platforms reports a drop in Bitcoin production for August 2024 but stays bullish with expansion plans to increase its mining capacity and optimize energy costs.

Bitcoin Miner Hut 8 Secures 205 MW Power Agreement in Texas

[Jul 9 12:32 PM] Bitcoin miner Hut 8 Corp. has entered into a definitive power purchase agreement for a site in West Texas. The agreement provides Hut 8 with 205 megawatts of power capacity, marking the first conversion from its 1,100 megawatts development…

Northern Data’s Peak Mining Acquires Second 300-Megawatt Site in Texas

[May 24 11:08 AM] According to Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, the company has announced the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. The site is adjacent to another…

Genesis Digital Assets Leverages Renewables to Increase Bitcoin Mining Capacity at New Texas Facility

[Apr 3 7:00 AM] Today, one of the largest bitcoin mining companies in the world in terms of hash rate, Genesis Digital Assets (GDA), announced that it will gain access to 36 MW of power from the Tarbush data center in West Texas, adding 1 EH/s to its total hash…

Bitcoin Mining And ERCOT - The Data Tells The Story

[Feb 6 11:06 AM] Several headlines recently described a 25% drop in bitcoin network difficulty during Winter Storm Finn in January. Most attributed this drop to curtailment activity in Texas. While Texas does represent 17% of the global bitcoin hashrate, ERCOT data…

Bitcoin Sees Massive Sell-Off From Miners, As Price Holds Steady

[Jan 18 5:00 AM] Amid the excitement encompassing the approval of Bitcoin Spot Exchange-Traded Funds (ETFs), BTC miners have been spotted carrying out an aggressive selling spree leaving the community to ponder on the impact of the sell-off. Bitcoin Miners Engage…

How Bitcoin Mining Monetizes Grid Resilience, A National Defense Matter

[Oct 9, 2023 8:30 AM] Winter is coming, and with that means a shifting of demands for power and a reshuffling of power generation capacity. During the coldest months of the year the northern hemisphere receives less direct sunlight and shorter daylight hours, making…

Crypto Firm Riot Defends Texas Power Strategy After Headlines Claim State ‘Paid’ Miner

[Sep 10, 2023 2:00 PM] Bitcoin mining company Riot Platforms is defending its participation in Texas’ electricity market programs after recent headlines claimed the state ‘paid’ the miner over $30 million to reduce power in August. Riot Platforms Sets the Record Straightâ

‘I’m Bullish on Bitcoin’ — Ted Cruz Champions Bitcoin’s Boon for Texas and Power Grid Boosts

[Sep 9, 2023 1:00 PM] Ted Cruz, the U.S. Republican senator from Texas, expressed his optimism on Friday, stating he’s “bullish on bitcoin,” after a recent interview with Forbes released on September 8. During the conversation, Cruz highlighted…

Riot Showcases Demand Response Strategy: Bitcoin Mining’s Role in Strengthening Texas Energy Grid

[Sep 7, 2023 2:30 PM] Bitcoin mining aided the Electric Reliability Council of Texas, or ERCOT, when the bitcoin mining company Riot Platforms reduced its power usage amid a Texas summer heatwave. Riot said in its most recent production and operations update that it…

Bitcoin Hashrate Slides as Texas Miners Curtail Hashpower to Bolster the Grid

[Dec 25, 2022 3:30 PM] Bitcoin’s total hashrate tapped a low of 170 exahash per second (EH/s) on Dec. 25, as reports noted that bitcoin miners in Texas curtailed their hashpower during a massive winter freeze. Statistics show that close to 100 exahash dropped off the…

Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid

[Dec 3, 2022 2:30 PM] On Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report on seasonal assessment and resource adequacy for the ERCOT region. ERCOT’s study indicates that bitcoin mining operations are flexible operations that can be…