Iris Energy received $2.3 million in power credits during August, primarily driven by voluntary curtailment at its Childress site in Texas.
The company mined 410 bitcoin last month, with plans to increase capacity at the site five-fold on track for completion in early 2024.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Sustainable bitcoin miner Iris Energy reported receiving $2.3 million in power credits last month, primarily driven by voluntary curtailment at its Childress site in Texas during peak demand.for August. It spent $6.
Iris Energy situates its mining operations near renewable energy sources, such as hydro power stations. In the case of its Canal Flats operation, it absorbs some of the power station's excess capacity. for around $10 million. While bitcoin mining remains its core operation, the company said next-generation data centers serving burgeoning computing markets like generative AI represent an additional opportunity.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ERCOT paid Bitcoin miner Riot $31.7M to limit energy consumption during heat wave in AugustRiot Platforms is losing so much money that it’s counting on energy credits from selling power back to the Texas grid to keep its costs under control, reports said.
Read more »
Texas paid bitcoin miner Riot $31.7 million to shut down during heat wave in AugustBitcoin miner Riot Platforms raked in $31.7 million in energy credits from Texas power grid operator ERCOT in August.
Read more »
Riot compensated $30 million to shut off Texas bitcoin miners in AugustBitcoin miner Riot received a monthly record $31.7 million of energy credits in August, aiding the Texas grid during the summer heatwave.
Read more »
Daily on Energy: The timing factor in an energy trade dispute with MexicoSubscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what's going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue!
Read more »
ERCOT issues energy conservation request for Thursday, 1 day after energy emergency alertERCOT is asking customers to cut back on power again on Thursday, from 5 p.m. to 9 p.m., due to 'high temperatures, high demand, low wind, and declining solar power generation.'
Read more »
CPS Energy works to build customer buy-in to demand response energy conservation programsCPS Energy has an overarching Sustainable Tomorrow Energy Plan to help customers save energy and help relieve the Texas power grid.
Read more »