U.S. Energy Information Administration and Riot reach agreement to drop cryptocurrency mining investigation

The U.S. Energy Information Administration has reached an agreement with Riot and the Texas Blockchain Commission to "destroy any information it has received" and drop its cryptocurrency mining investigation. According to previous news, the U.S. Energy Information Administration issued an "urgent" investigation requesting highly proprietary information, such as the specifications of the machines used in each mine, the specific location of the mining operations, and the information related to each commercial energy partner. contract information, etc. Subsequently, the Texas Blockchain Council and a number of U.S. mining companies, led by Riot Platforms, jointly filed a civil lawsuit against the U.S. Department of Energy and the Energy Information Administration (EIA), and then agreed at the end of February to suspend mandatory investigations into the energy use of Bitcoin mining companies. It is reported that the U.S. Energy Information Administration will issue a new notice regarding the investigation and allow the public to comment. (TheBlock)