Texas paid bitcoin miner Riot $31.7 million to shut down during heat wave in August

During the crypto boom of 2021, Riot Platforms was raking in cash from bitcoin mining. Now the company is losing so much money that it's counting on energy credits from selling power back to the Texas grid to keep its costs under control. Riot said on Wednesday that it earned $31.7 million in…#riotplatforms #jasonles #bitcoin #jpmorganchase
Source: Reuters: Health - Category: Consumer Health News Source Type: news