Texan Bitcoin mining authority loads might hedge 5 times by 2023

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Texas’ electrical infrastructure will have to sustain the industry’s estimated 5,000 megawatts (MW) of increased power demands by 2023, as the state anticipates a rapid influx of Bitcoin mining facilities.

In Texas, the Bitcoin mining business consumes between 500 and 1,000 megawatts of electricity.

According to sources, the Electric Reliability Council of Texas (ERCOT) forecasts a fivefold rise in demand by 2023 and has planned an extra 3,000 to 5,000 MW.

Story by : Norvisi Mawunyegah