Just two digital mining operations would each require as much as $20 million to fortify power lines and avert blackouts, according to one utility. Each would consume enough electricity to power as many as 60,000 homes.
As interest in cryptocurrency mining continues to grow, Texas power utilities are left to figure out how to manage the surge in electricity demand largely on their own, making many things, like monthly costs, uncertain.
Adverse weather in February stressed the Texas power grid to the point of failure, leaving millions without power and resulting in many firms filing for