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Do bitcoin mines use up as much energy as big cities?

Bitcoin mines use up as much energy as a big city and are running up Americans’ electricity bills, a New York Times investigation finds. A row of Bitcoin mining machines at the Whinstone US Bitcoin mining facility in Rockdale, Texas, on October 9th, 2021.

How many bitcoin mines are there in the US?

The New York Times has identified 34 such large-scale operations, known as Bitcoin mines, in the United States, all putting immense pressure on the power grid and most finding novel ways to profit from doing so.

How much money did a bitcoin company make reselling electricity?

Another Bitcoin company made tens of millions of dollars reselling electricity during the storm — and ultimately stands to earn as much as $125 million — according to its financial filings, which were previously reported by the Tech Transparency Project.

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