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Crypto mining

The federal government wants to know how much electricity crypto uses. Crypto firms aren't happy.

by Henry Epp
Feb 5, 2024
The feds want data from crypto miners. The miners may file suit to block the request.
Crypto mining consumes as much as 2% of all electricity in the U.S., according to the Energy Information Administration. Above, a bitcoin mining operation in Rockdale, Texas.
Mark Felix/AFP via Getty Images
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Sam Bankman-Fried Trial

Crypto mining hits a (very) rough patch

by Lily Jamali
Jan 13, 2023
The fall in the price of bitcoin combined with a surge in energy prices have made this a tough year for businesses that mine crypto.
Above, fans cool servers at a bitcoin mining facility in New York. Surges in energy prices have boosted the costs associated with bictoin mining.
Geoff Robins/AFP via Getty Images
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