Bitcoin Mining Firms Face Production Challenges Amid Texas Power Curtailment

According to Cointelegraph, several Bitcoin mining companies experienced a decline in production during June, primarily due to power curtailment measures in Texas. Riot Platforms reported a 12% decrease in Bitcoin production, mining 450 BTC compared to 514 BTC in May. Riot CEO Jason Les highlighted the company's power strategy, which includes economic curtailment and participation in the Electric Reliability Council of Texas’s Four Coincident Peak (4CP) and other demand response programs. This approach, he noted, significantly contributes to grid stability while enhancing Riot's competitive positioning source: https://www.binance.com/en/square/post/26474915780489?utm_source=BinanceNewsRSS