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A Bitcoin Miner Is Buying Four Entire Power Plants

A company just bought four Canadian natural gas power plants to mine Bitcoin — and train AIs. Hut 8, one of the largest digital asset mining companies in North America, made its "stalking horse bid," a binding offer to buy out an insolvent company, last month, but only declared the bid successful in a […] ....

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Texas voters approve amendment putting billions toward gas power plants

Texas voters on Tuesday decided to put billions of dollars into natural gas power plants as part of an effort aimed at increasing the reliability of the state’s electric grid. The creation of the Texas Energy Fund was approved in a 65-35 vote with more than 95 percent of the votes having been counted. The… ....

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