Texas paid bitcoin miner Riot $31.7 million to shut down during heat wave in August

Bitcoin miner Riot Platforms raked in $31.7 million in energy credits from Texas power grid operator ERCOT in August.

Source: Texas paid bitcoin miner Riot $31.7 million to shut down during heat wave in August


“The total value of the credits dwarfed the 333 bitcoin the company mined in August, worth about $8.9 million dollars as of the end of the month.”

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