We’ve witnessed in latest months, quite a lot of Texas based mostly miners have been utilizing vitality methods to extend their revenues. Riot Platforms has taken benefit of being lively within the Electrical Reliability Council of Texas (ERCOT) market, supplying energy when wanted and switching off their programs to assist steadiness the grid. It has a long-term energy buy settlement in place, enabling tit to maintain the price of mining bitcoin low. Via participation in these applications, throughout the month of June 2023 the corporate generated $8.4 million in energy gross sales and $1.6 million in demand response income.
