Texas Crypto Miners Shuttering Operations as Winter Storm Approaches

Texas Crypto Miners Shuttering Operations as Winter Storm Approaches
A number of crypto miners in Texas are already shutting down some or all their operations, as the region awaits an Arctic blast that is likely to test the state’s power grid this week.The miners, many of whom flocked to the state in recent months to take advantage of Texas’s low energy costs, say that they will reduce their energy consumption to help avoid a power failure similar to the one Texas experienced in 2021. That outage left about 4.5 million homes and businesses without power and led to nearly $200 billion in property damage.These efforts will dovetail with those…