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The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy is suing the rival firm Alkane Midstream LLC over alleged patent infringement and poaching customers in Colorado. Crusoe’s lawsuit claims since November 2019,…
"John McAfee's life was shrouded in controversy and it is only fitting that his death is shrouded in controversy as well," said Janice McAfee.
Given the unique positioning of the crypto mining market, Texas officials believe miners can participate in demand response programs — which involve turning off miners’ power during peak demand.
Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
“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…
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.
“The sector has been here before and well capitalized and efficient miners will do just fine,” said White Rock CEO Andy Long.
"The company voluntarily curtailed its energy consumption in order to ensure that more power would be available in Texas,” said Riot CEO Jason Les.
Extreme heat won’t stop miners from setting up operations in Texas, but more sustainable practices may be required.
ERCOT reported that wind generation in Texas was “generating significantly less," potentially leaving the state unable to meet energy demands during triple-digit temperatures.