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28 May 2026

How Bitcoin Miners Make Millions from Electricity

How Bitcoin Miners Make Millions from ElectricityAn operator in Texas monitors the ERCRT power grid. The second the price of electricity spikes because, you know, people are running their air conditioners, the miner realizes it is actually more profitable to shut down their Bitcoin miners and sell their contracted power back to the grid. Right. Like Iris Energy making nearly $2 million in demand response income in a single quarter.

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