🔥 The heat in Texas made miners cool down 🔥
When the thermometer approaches the boiling point, even iron Bitcoin farms retreat.
💸 Riot Platforms reduced mining by 12% to avoid paying exorbitant electricity rates. But now they "support the stability of the energy grid" — not charity, but a "strategy", yeah.
⚡ Cipher Mining also decided to be smart and reduced activity in advance to avoid getting caught up in the Four Coincident Peak program. A new site, Black Pearl, was launched, but mining is down. At least the electricity is cheap!
🌩️ Marathon Digital complains about the weather and old equipment. Mining has dropped by 25%. Apparently, blocks are now found by the method of "cloud divination".
🚀 Only CleanSpark, in defiance, is up +6.7%! More Bitcoins, less sold. Real miners are not afraid of the heat; they bring coolness to this overheated market.
📉 Mining in the summer in Texas is when even Bitcoin starts to sweat.
