Texas cryptomining outfit earns more from idling rigs than digging BitcoinBrandon Vigliaroloon September 7, 2023 at 17:30 The Register


It’s not a broken business model if the subsidies make up for cratering market and flagging demand

Bitcoin mining outfit Riot Platforms earned $31.7 million from Texas power authorities last month for curtailing operations – far more than the value of the Bitcoin it mined in the same period. …

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