Story thread · 5 reports / 4 sources

Bitcoin miners saved Texas power grid from collapse, but their lucrative pivot to AI is stripping away the emergency brake

cryptoslate.com · 10dShare

Texas broke its all-time electricity demand record twice in two days last week. ERCOT served a preliminary 91,308 megawatts around 5 p.m. on July 22, one day after demand hit 87,403 megawatts and erased the 85,508-megawatt mark that had stood since Aug. 10, 2023. Neither afternoon saw an appeal for energy conservation, and the system […] The post Bitcoin miners saved Texas power grid from collapse, but their lucrative pivot to AI is stripping away the emergency brake appeared first on CryptoSlate .

First report: Bitcoin miners pour billions into AI – but the pivot could leave them regretting it within a year — cryptoslate.com, 13d