Lancium Allows Energy Grid Demand Rebalancing With Bitcoin Mining, Raises $150 Million

Lancium Allows Energy Grid Demand Rebalancing With Bitcoin Mining, Raises $150 Million



Lancium, a tech firm centered on bitcoin mining, has raised $150 million to increase its renewable energy-run enterprise mannequin throughout Texas, CNBC reported.

The Houston-based agency develops software program and know-how to frictionlessly regulate bitcoin mining operations’ uptime primarily based on power costs and grid load. A standard concern with renewable power farms, demand and provide imbalances provoke worth volatility and inconsistent uptimes. Lancium works to allow bitcoin miners to effortlessly plug and unplug their rigs in response to power provide dynamics on the grid whereas making certain grid prospects will be supplied with low cost and sustained energy.

CATEGORIES
Share This

COMMENTS

Wordpress (0)
Disqus ( )