WACO โ Following last week's lawsuit from the cryptocurrency mining industry, Sierra Club attorneys filed an amicus brief addressing the Department of Energy's efforts to collect information on the energy use of cryptocurrency mining operations.
Cryptocurrency mining operations place a heavy burden on already overloaded grids in Texas and across the country by increasing demand for electricity. In 2023, new cryptocurrency mining operations in Texas added almost as much demand as the entire city of Austin and are projected to increase the state's electricity demand by nearly 50% by 2027.
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