Bitcoin Miners Hit Pause In Texas As Energy Crisis Stalls Operations

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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…

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