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Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.” Go to Source Powered by WPeMatico
“The U.S. is where the action is in terms of markets, so we plan to be in at least another couple of states as well as Texas with some diversified offering,” said CEO Andy Long. Go to Source Powered by WPeMatico
The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state’s power grid operator. Go to Source Powered by WPeMatico
“The sector has been here before and well capitalized and efficient miners will do just fine,” said White Rock CEO Andy Long. Go to Source Powered by WPeMatico
“The company voluntarily curtailed its energy consumption in order to ensure that more power would be available in Texas,” said Riot CEO Jason Les. Go to Source Powered by WPeMatico
Extreme heat won’t stop miners from setting up operations in Texas, but more sustainable practices may be required. Go to Source Powered by WPeMatico
ERCOT reported that wind generation in Texas was “generating significantly less,” potentially leaving the state unable to meet energy demands during triple-digit temperatures. Go to Source Powered by WPeMatico
According to Lancium Inc., a crypto mining infrastructure firm, the company has signed a deal with the Texas battery-storage provider Broad Reach Power LLC. Broad Reach Power plans to supply battery power to Lancium’s Fort Stockton-based 25-megawatt facility and when the grid is swamped by excessive energy demand, Lancium can continue mining without reducing its … Read more
Moving rigs from New York to Texas was part of Riot’s effort to reduce the firm’s operating expenses through lower power costs and eliminate “all third-party hosting fees.” Go to Source Powered by WPeMatico
The company reported its operations in the United States will have an initial capacity of 3 megawatts, aiming for the firm’s total hashrate to be more than 1.6 EH/s. Go to Source Powered by WPeMatico
