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Crypto miner in Texas shuts down 99% of operations as winter storm

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With Winter Storm Landon expected to hit parts of Texas this week, major crypto mining firms are powering down in anticipation of high demands on the state’s power grid.

Speaking to Cointelegraph on Wednesday, Riot Blockchain’s communications director Trystine Payfer said that the company’s data center in Rockdale already had “99% of [its] power currently shut off” since beginning curtailments on Tuesday, with demands on the grid expected to peak on Thursday night. In addition, (BTC) mining firms with representation in the Texas Blockchain Council sent a letter to Texas Governor Greg Abbott informing him they planned to shut down or reduce operations in response to ERCOT’s needs.