Output of many mining companies fell in June due to the launch of a power management plan in Texas."
Online reports, Cointelegraph reported that several Bitcoin miners reported a decline in Bitcoin production in June, mainly due to power restrictions in Texas. The Texas Power Reliability Commission has launched the Four Coincident Peak (4CP) program to optimize power distribution and reduce system costs by managing peak demand on the grid during four critical months of the summer (June, July, August and September). Among them: Riot Platforms mined 450 bitcoins in June, down 12% from 514 in May. MARA Holdings 'production fell 25% in June, and mining produced 211 bitcoins, down from 282 in May.
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