Texas company uses Bitcoin mines powered by renewables to stabilize the grid

By John Engel Follow @EngelsAngle

In September, Lancium broke ground on its first Clean Campus — a 325 MW bitcoin mining data center in Fort Stockton, Texas with an expected full-scale operation target of Q4 2022. (Courtesy: Lancium)

A Texas-based energy technology firm has raised $150 million to develop Bitcoin mining campuses powered by renewable energy sources.

Lancium’s growth strategy includes 2,000 megawatts of capacity in development across its Clean Campuses, which are placed in areas overwhelmed by renewable energy.

The company’s software allows the campuses to operate as Controllable Load Resources to the electrical grid, replacing reliability products often provided by fossil fuel plants.

“This financing

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