In recent months, we have seen a number of Texas miners use energy strategies to increase their income. Riot Platforms took advantage of being active in the Electric Reliability Council of Texas (ERCOT) market, supplying power when needed and shutting down its systems to help balance the grid. It has a long-term power purchase agreement that allows the titmouse to keep bitcoin mining costs low. Through participation in these programs, the company generated $8.4 million in electricity sales and $1.6 million in demand response revenue during the month of June 2023.

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