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The move to open a mining center in Texas is part of BIT Limited’s objective to lower its carbon footprint. According to a prepared statement, the firm claims that more than 98% of its power capacity would be generated from green sources.
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I call BS on that. The only way that would / could happen was if they were installing new electricity *generation* capability as part of the construction of the site. Otherwise, they are just taking existing electrical supplies off of the grid. As far as I know, there is no "excess" electrical capacity just sitting around in Texas - if you "take" the power from somewhere else, replacement energy will have to be generated using traditional carbon-based methods.
I invite someone to argue the opposite, perhaps there's something I haven't thought of...
-Wayne