Bitcoin Miners in Texas Compelled to Halt Operations Amid Electricity Crisis!
The post Bitcoin Miners in Texas Compelled to Halt Operations Amid Electricity Crisis! appeared first on Coinpedia Fintech News
Texas Bitcoin miners have been forced to shut down most of their operations as the state struggles with a severe power crisis. This follows an over 90% curtailment of operations for miners this week. Despite being a top destination for Bitcoin mining due to its low-cost energy and favorable regulations, the state has seen all industrial-scale miners halt their operations amid the energy crisis. Companies such as Riot Platforms Inc. and Marathon Digital Holdings Inc. have major facilities in Texas.