Sen. Elizabeth Warren demands details on Texas crypto mining energy consumption

Democrats are pressing Texas energy regulators to disclose how much energy crypto mining companies consume from the state’s vulnerable power grid nearly a year after it failed during an extreme winter storm.

In the Wednesday letter, Sen. Elizabeth Warren (D-MA) and six other Democrats pressed Texas grid operator, the Electric Reliability Council of Texas, for information detailing how much electricity crypto mining operations have consumed and how much carbon dioxide emissions they’ve released over the last six years.

“I’ve been working for the last year to make sure the public understands the economic and climate risks from crypto,” Warren said in a statement to The Verge on Wednesday. “Cryptominers’ energy use rivals that of entire...

Continue reading…