One of the major crypto miners in the US, Texas, has announced the suspension of its mining activity as the state power grid faces increasing demand for electric power units due to a heat wave.
Core Scientific, a crypto miner platform listed on Nasdaq posted a tweet about the power down across all ASIC servers located in Texas for an uncertain period of time. According to the announcement, Texas city is holding up less than 15% of Core Scientific’s total footprint.
On Saturday, the Electric Reliability Council of Texas (ERCOT) urged the local people and businesses to conserve electricity with “record high electric demand” expected on Monday.
To follow the request from the state power grid, Agro Blockchain declared a power cut down in Dickens County, Texas in the afternoon to voluntarily conserve electricity.
The extreme weather condition compelled numerous crypto miners in the U.S to temporarily suspend their operations in the region. Last month, another major Bitcoin miner, Marathon Digital had to pause three-fourths of its mining operation in Montana thanks to a power outage surging due to a storm.
Also Read: Marathon Digital Plans to Become Carbon Neutral by Year-End
Currently, the U.S power generation companies are facing supply crunches under the turmoil conditions of bad weather. In the upcoming summer session, consumers’ power use is expected to hit a new all-time high record.
