Texas Utility Regulator Sues Attorney General to Keep Crypto Mining Data Secret Over Terrorism Fears
Main Idea
The Texas Public Utility Commission (PUC) is suing the state Attorney General to prevent the release of crypto mining data, citing potential security risks, while the scale of Texas' crypto mining operations remains unclear despite significant growth.
Key Points
1. The PUC filed a lawsuit in June to block the release of crypto mining data, including facility names, locations, ownership, and power usage, fearing it could aid terrorist attacks on the energy grid.
2. Texas' crypto mining industry is booming, with ERCOT estimating a combined load of 5,000 megawatts planned in its service area, and Bitcoin mining is a major driver of the state's projected near-doubling of electricity demand by 2030.
3. Despite a 2023 law requiring large-scale crypto mines to register with the PUC by February 2025, detailed public data on these operations remains unavailable.
4. Over half of global Bitcoin mining operations still originate from China, with Chinese companies dominating hardware production and relocating to the U.S. post-China's 2021 mining ban.
Description
The Public Utility Commission (PUC) of Texas has taken the unusual step of suing state Attorney General Ken Paxton in an effort to block the release of cryptocurrency mining data, arguing that public disclosure could endanger the state’s energy grid. Key Takeaways: Texas’s utility regulator is suing the state attorney general to block the release of detailed crypto mining data. ERCOT estimates crypto mining already uses as much power as Austin, with far more capacity planned. Lawmakers mandated ...
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