In a statement released Friday, the Nasdaq-listed Riot asserted it earned just $7 million through the Electric Reliability Council of Texas’ (ERCOT’s) ancillary services market, while selling $24 million in pre-purchased energy back to its retail provider TXU Energy during August’s heatwave. The company called its ancillary services premium “less than one percent” of the near $1 billion ERCOT spent to ensure grid reliability as temperatures soared. Riot, which operates a cryptocurrency mining facility in Rockdale, Texas, said it provided over 84,000 megawatt hours of power back to the grid last month by temporarily halting mining operations. This helped reduce strain on the system during extreme weather, preventing disruptions for consumers.
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Mkt Cap $2.30T
BTC Dom 56.73 %
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ETH
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USDT
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BNB
$595.29
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USDC
$0.999702
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XRP
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SOL
$75.18
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FIGR_HELOC
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HYPE
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DOGE
$0.070295
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USDS
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RAIN
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LEO
$9.70
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ZEC
$497.75
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XMR
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XRP
$1.04
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FIGR_HELOC
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USDS
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RAIN
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$497.75
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$56.19
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LINK
$8.32
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XLM
$0.163343
▲ +1.40%
DAI
$0.999832
▲ +0.00%
BCH
$216.30
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USD1
$0.999768
▲ +0.00%
USDE
$0.999619
▲ +0.00%
GRAM
$1.36
▲ +1.90%
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RAIN
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