Crypto Firm Riot Defends Texas Power Strategy After Headlines Claim State ‘Paid’ Miner – Mining Bitcoin News
September 11, 2023
Bitcoin mining company Riot Platforms is defending its participation in Texas’ electricity market programs after recent headlines claimed the state ‘paid’ the miner over $30 million to reduce power in August.
Riot Platforms Sets the Record Straight
In a statement released Friday, the Nasdaq-listed Riot asserted it earned just $7 million through the Electric Reliability Council of Texas’…