To ease load on aging grid, state program offers energy credits to bitcoin miners to curtail their power consumption.

To ease load on aging grid, state program offers energy credits to bitcoin miners to curtail their power consumption.

  • roguetrick
    40•1 year ago

    Company should be straight bankrupt already with its posted financials.

    Riot, which is publicly traded, in 2022 reported a loss of more than $500 million on revenue of $259.2 million. In its most recent quarter, it had a loss of roughly $27 million on revenue of $76.7 million.

    • Flying Squid
      3•1 year ago

      In its most recent quarter, it had a loss of roughly $27 million

      Not anymore, apparently. I’m sure the Texas taxpayers are grateful.

    • @coco
      1•1 year ago

      And they will bounce back when Btc will rise