Category: environmental cost of cryptocurrency mining

What are the hidden costs of Riot Blockchain’s (RIOT.Q) Texas expansion?

Riot Blockchain’s (RIOT.Q) latest addition to their Bitcoin mining and hosting empire, to the tune of 1 gigawatt in Texas, isn’t good for either Bitcoin or the environment, or you. Granted, not everything Riot’s doing is horrible. They’ve managed to offset a good chunk of their electrical bill by adding immersion cooling to their equipment,… Read More »What are the hidden costs of Riot Blockchain’s (RIOT.Q) Texas expansion?

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Hut 8 Mining’s (HUT.T) sustainable energy partnership with Validus Power saves money, doesn’t damage environment

Hut 8 Mining (HUT.T) signed a power purchase agreement with Validus Power to help their operations in Alberta, according to a press release. The agreement secures up to 100 megawatts of power from the project on a physical off-take basis at competitive prices. The agreement includes options to expand the company’s mining operations to scale… Read More »Hut 8 Mining’s (HUT.T) sustainable energy partnership with Validus Power saves money, doesn’t damage environment