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NERC report: Cryptocurrency mining and AI data centers are driving North American electricity demand to record highs
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2024-12-24 17:02 5,628
Golden Finance reported that according to Cointelegraph, the latest report from the North American Electric Reliability Corporation (NERC) shows that the rapid development of cryptocurrency mining and AI data centers is driving North American electricity demand to record highs. In Texas, for example, annual peak electricity demand growth in the summer of 2029 is expected to reach 4.6%, four times the previous forecast. NERC pointed out that crypto mining electricity consumption fluctuates with market prices, while AI data centers require continuous cooling and storage energy. These unstable factors pose challenges to grid management. In response to this trend, Texas has implemented energy response plans and strengthened distributed energy management through HB 3390, and some mining companies such as MARA have also begun to turn to renewable energy.
Keywords: Bitcoin
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