Riot Platforms: The Company Behind the Most Energy Intensive Bitcoin Mine in the U.S.
Riot Platforms: The Company Behind the Most Energy Intensive Bitcoin Mine in the U.S.
by Additional-Belt-3086
Riot Platforms: The Company Behind the Most Energy Intensive Bitcoin Mine in the U.S.
Riot Platforms: The Company Behind the Most Energy Intensive Bitcoin Mine in the U.S.
by Additional-Belt-3086
2 comments
Summary
Riot Platforms is leading the polluting Bitcoin boom in Texas. The company operates the largest, and one of most energy and carbon-intensive, Bitcoin mines in the U.S. at their Rockdale facility and now plans to build an even bigger and dirtier mine in Corsicana.
Riot’s massive fossil fuel-generated energy use contributes to the climate crisis, while the company also profits from extreme weather. During heatwaves and cold snaps, Riot makes millions of dollars by simply doing nothing and selling energy back to the grid – often more than they earn mining Bitcoin.
Texans are footing the bill with higher energy prices due to increased electricity demand from Riot, and tax incentives and subsidies going to Riot and other Bitcoin miners.
Big financial companies including BlackRock, JP Morgan Chase, and Vanguard are helping bankroll Riot’s carbon emissions and water consumption.
E V I L .
Riot Platforms Evil
JP Morgan Chase Evil
Blackrock Evil
Vanguard Evil
The State of Texas Evil and fucking over citizens world-wide