Published by
Benzinga
Benzinga
Bitcoin miners in Texas are temporarily powering down their operations amid the state’s ongoing energy crisis. Texas, known for its affordable energy and accommodating regulations, is a favored location for mining giants like Riot Platforms Inc. (NASDAQ: RIOT) and Marathon Digital Holdings Inc. (NASDAQ: MARA) However, as the state confronts severe power challenges, exacerbated by recent extreme weather events, the Biden administration announced a power emergency. Lee Bratcher, the Texas Blockchain Council’s president, said, “We have consistently been seeing 90% plus curtailment of Bitcoin mini…