7 Largest U S Crypto Mining Firms Use Enough Electricity To Power Houston Congress Finds
The investigation by Democrats revealed that seven leading mining firms across the country are utilizing 1,045 megawatts of electricity, sufficient to power a city the size of Houston, Texas, with 2.3 million residents, The New York Times reported on July 15. Energy consumption by the firms is likely to increase after a majority noted that they intend to add more mining rigs in the coming years. For instance, Marathon Digital Holdings operated about 33,000 rigs as of February and plans to hit 199,000 rigs in two years....