CRYPTOCIES

Bitcoin Miners in Texas to Temporary Stop Operations due to Heat Wave


One of the largest Bitcoin mining hubs in the U.S., many cryptocurrency miners in Texas, are pausing their operations as the state’s electrical grid faces surging power demand due to a heat wave.

Nasdaq-listed miner Core Scientific said on Tuesday that it has disconnected its ASIC servers in the state to “provide relief to people in Texas.”

As reported by local television KBTX, the Electric Reliability Council of Texas, which operates the state’s grid, has issued a voluntary request on Saturday, urging local residents and businesses to conserve electricity on Monday.

In response to that, London-headquartered miner Argo Blockchain said on Monday its facility would cut back on power in Dickens County, Texas in the afternoon to help conserve the local electricity.

Last month, Marathon Digital, a major Bitcoin miner in the U.S., had to temporarily shut down three-fourths of its mining operations in Montana due to power interruptions that were caused by a storm.

It has been reported by Reuters that U.S. power companies are facing supply shortage due to extreme weather events, while consumer power use is expected to hit a record high this summer.





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