Bitcoin Miner Made Millions in Credits by Shutting Rigs During Texas Heat
- Riot Blockchain earned about $9.5 million in credits in July
- Amount earned will be credited against its power invoices
This article is for subscribers only.
Riot Blockchain Inc. earned about $9.5 million in credits last month from shutting down its Bitcoin mining rigs at a Texas facility while the region weathered a historic heat wave.
The amount will be credited against the company’s power usage. The value of the credit is equal to around 439 Bitcoin. Riot also mined 318 coins during the month, according to the company’s monthly production and operations update.