Texas Plans to Become the Bitcoin Capital, Vulnerable Power Grid and All [Financial Post (Toronto, Ontario, Canada)]
Itron, Inc. (ITRI)
Last itron, inc. earnings: 2/24 04:05 pm
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Source: Financial Post
An army of cryptocurrency miners heading to the state for its cheap power and laissez-faire regulation is forecast to send demand soaring by as much as 5,000 megawatts over the next two years. The crypto migration to Texas has been building for months, but the sheer volume of power those miners will need — two times more than the capital city of almost 1 million people consumed in all of 2020 — is only now becoming clear. Warren Buffett saw inflation coming early on -- 8 tips to help you come out ahead Advertisement Advertisement Article content The boom comes as the electrical system is already under strain from an expanding population and robust economy. Even before the new demand comes online, the state's grid has proven to be lethally unreliable. Catastrophic blackouts in February plunged millions into darkness for days, and, ultimately, led to at least 210 deaths. Proponents like Senator Ted Cruz and Governor Greg Abbott, both Republicans, say crypto miners are ultim
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ITRI
Earnings
- 2/26/24 - Beat
ITRI
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- ITRI's page on the SEC website