Bitcoin mining

“And so Watt Time, that is the general methodology that they use. They found that 85% of incremental load from Bitcoin mining comes from coal and natural gas plants.”

“So right now total capacity is around 3.9 gigawatts. And that is the finding of this New York Times study that I'm sure we'll be talking about a little bit later. Mines themselves, well, in terms of geography, they are scattered across the country, and we're Y…”

“So collectively, it's 1.8 billion conservatively per year. And that's sort of a run rate, I would say. And that represents around a five percent increase in costs of Texans, of, you know non-Bitcoin mining consumers. And that, that's across all the different s…”

“I think roughly speaking, it's certainly set to double or triple in the next few years. I don't have a precise number, but it's certainly large enough that it's going to have an outsized impact.”

“They also chase defunct oil and gas plants because those can be sort of rehydrated and turned on and used directly for mining. And so that has happened a lot, especially in New York, these sort of mothballed plants that are able to be turned on and run Pretty …”