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Crypto

ERCOT Grid Sees Surge in Bitcoin Mining Requests

Guavy AI Editorial Team
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BTC
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The ERCOT grid has seen a surge in bitcoin mining requests between 2021 and 2023, totaling 474GW. However, according to Marty Bent, founder of TFTC, this figure does not accurately reflect actual demand.

Bent notes that many opportunists have entered the ERCOT queue with the intention of signaling their interest to AI companies, but most will not receive the energy they seek.

This development highlights operational risks in the digital asset sector and underscores the need for vigilance among crypto investors.

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