Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts

The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state's power grid operator. Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid.In a Friday announcement, Core Scientific said its month-over-month Bitcoin production had increased from 1,106 in June to 1,221 in July — roughly 10.4%.

Crypto bear market will provide ‘excellent’ M&A opportunities: White Rock CEO

“The sector has been here before and well capitalized and efficient miners will do just fine,” said White Rock CEO Andy Long.

Bitcoin Miner Riot Earned $9.5M for Shutting Down During Texas Heatwave

Based on Bitcoin’s average price in July, Riot received the equivalent of 439 Bitcoin for helping the state with its energy crisis.

Riot Blockchain's Bitcoin mining productivity dropped 28% YOY amid record Texas heat

"The company voluntarily curtailed its energy consumption in order to ensure that more power would be available in Texas,” said Riot CEO Jason Les. Crypto mining firm Riot Blockchain reported it produced fewer Bitcoin (BTC) in July 2022 than that in July 2021 after scaling down operations at its Texas facility.In a Wednesday announcement, Riot said its miners had produced 318 Bitcoin in July, more than 28% less than the 443 BTC the firm reported generating in July 2021.

Impel Adds Bitcoin to ISO 20022 Financial Messaging on XDC Network

[PRESS RELEASE – Dallas, Texas, 2nd August, 2022] New Cross-chain Interoperability via WanBridge Provides More Robust Options for Instant Settlement Impel is pleased to announce today that bitcoin (BTC) has been added to its ISO 20022 financial messaging API as optional collateral for making payments.

Impel Adds Bitcoin to ISO 20022 Financial Messaging on XDC Network

August 2, 2022 – Dallas, Texas New cross-chain interoperability via WanBridge provides more robust options for instant settlement.

Texas a Bitcoin ‘hot spot’ even as heat waves affect crypto miners

Extreme heat won’t stop miners from setting up operations in Texas, but more sustainable practices may be required. Record-breaking heat waves are being documented across the world as extreme weather is worsening due to climate change.

Bitcoin Miner Compass Mining Establishes 75 MW Hosting Partnership with Compute North

Compass Mining, a Bitcoin mining hosting and brokerage services firm based in Delaware, US, announced the completion of a partnership with colocation provider Compute North to secure at least 75 megawatts (MW) of energy capacity for its TIER 0™ data center in Granbury, Texas.

After Dismissing Staff, Compass Mining Deploys 25,000 Additional ASIC Miners

Compass Mining plans to add 25,000 ASIC miners and increase the productivity of its Texas facility by 75 megawatts (MW).

Texas Bitcoin Miners Power Back Up after Voluntary Suspension During Grid Strain

Aiming to prioritize vital services during a heat wave, Bitcoin miners stood down for more than a week at the state's request.

Bitcoin miners push the pause button in Texas as power issues loom

As businesses prepare for a heat wave that is anticipated to strain the electricity grid, nearly all industrial-scale Bitcoin miners in Texas have turned off their equipments. Due to Texas's affordThe post Bitcoin miners push the pause button in Texas as power issues loom appeared first on AMBCrypto.

Bitcoin Miners in Texas Halt Operations due to a Severe Heat Wave

Bitcoin miners located in Texas, such as Argo and Riot, switched off their machines because of an expected heat wave about to hit the state.

Crypto Miners in Texas Halted Due to Extreme Heat

Many crypto miners have shut down operations due to a heatwave in Texas.

Texas Bitcoin Miners Power Down as Heat Wave Threatens Grid With Rolling Blackouts

The collective move returns over 1% of power in Texas back to retail and commercial users, according to the president of the Texas Blockchain Association.

Crypto miners in Texas shut down operations as state experiences extreme heat wave

ERCOT reported that wind generation in Texas was “generating significantly less," potentially leaving the state unable to meet energy demands during triple-digit temperatures. With many parts of Texas enduring days of temperatures well over 100 degrees Fahrenheit in July, many crypto miners have shuttered operations in anticipation of the state’s energy grid being unable to meet demand.The Electric Reliability Council of Texas, or ERCOT, on Sunday called on Texas residents and businesses to conserve electricity with “record high electric demand” expected on Monday.