Cryptocurrency miners in Texas shut down 99% of their operations to weather a winter storm

United States, Texas, Houston

Published 3 years ago

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Cryptocurrency miners in Texas shut down 99% of their operations to weather a winter storm

United States, Texas, Houston,

Published 3 years ago

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With the forecast that winter storm Landon will affect some areas of Texas this week, the main cryptocurrency mining companies are reducing their power due to the high demand that the state's electrical network could have.

Riot Blockchain Communications Director Trystine Payfer said the company's Rockdale data center already had "99% of [its] power currently off" since the cutbacks began Tuesday, and lawsuits are expected. on the net peak on Thursday night.

Additionally, Bitcoin (BTC) mining companies with representation on the Texas Blockchain Council sent a letter to Texas Governor Greg Abbott (NYSE:ABT) informing him that they planned to close or downsize their operations in response to ERCOT's needs. .

“As Texans, we want you to know that we are actively monitoring the incoming cold front, as we would any seasonal weather event,” Texas Blockchain Council Vice President Reed Clay said in the letter to Abbott shared with Cointelegraph. "Similarly, we are taking proactive steps to shut down operations, reduce load and build additional capacity in response to ERCOT's needs should it become necessary."

Cryptocurrency miners

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