Company press releases or official announcements

ERCOT Recommends Bitcoin Mining Integration to Enhance Grid Reliability Amid Rising AI Power Demands

Jun 13, 2024, 10:00 AM

The Electric Reliability Council of Texas (ERCOT) has recommended that Bitcoin mining be integrated as a Controllable Load Resource (CLR) to enhance grid reliability. This recommendation comes as Texas faces increased power demands due to the growth of AI and Bitcoin mining. ERCOT CEO Pablo Vegas stated that the state's grid capacity will need to double over the next decade to meet this rising demand. Lieutenant Governor Dan Patrick has indicated that more scrutiny will be applied to the industry. This development is part of broader reforms concerning the ERCOT grid, discussed under #txlege, aimed at ensuring grid stability.