US Utility Mines Bitcoin to balance power supply

Missouri, the state’s largest utility that serves 1.2 million customers, began experimenting with bitcoin mining in April to manage grid variability. E&E News. The company plugs bitcoin mining rigs when electricity is cheap and demand is low to expand its power plants and as an alternative to meet demand.

“Every minute, every minute, every second, we’ve changed dramatically,” said Warren Wood, the utility’s regulator and vice president of legal affairs. “We need something that’s gotten really fast, building up and down capabilities to be a really effective tool for grid balancing.”

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