Riot Blockchain Mined 28% Less Bitcoin in July as Heat Wave Cut Power Supply

Riot Blockchain Sees 2022 as Year of Consolidation in Bitcoin Mining Sector

Several bitcoin miners temporarily halted mining operations as energy demand soared in July due to heat waves that swept through the U.S., particularly in Texas. Riot curtailed 11,717 megawatt hours in July, enough to power 13,121 average homes for a month, Les said, adding that it lowered power costs for the company.

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