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Texas power grid operator pays Bitcoin miner over $30 million to curb energy usage [TechSpot]
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CNBC reports that Riot was one of the companies to benefit from the crypto boom of 2021, recording a revenue increase of almost 8,000%. But the crash of 2022 led to a net loss of $500 million for the year, and things haven’t improved much since then; it lost $27.7 million in the latest quarter.