Haven’t read the article yet, but the headline is misleading. ERCOT hosts an energy market. Retail energy providers purchased Riot’s energy contracts on the ERCOT market, other energy sources were more expensive or unavailable at those times.
ERCOT Paid Riot Platforms $7 Million to Shut Down During Heat Wave in August
- "In August, Riot provided over 84,000 megawatt hours of energy to the market in Texas to reduce overall demand, lower consumer prices, and stabilize the grid during a heat wave. This ensured that consumers did not experience disruptions during extreme temperatures."
https://www.nobsbitcoin.com/texas-paid-riot-31-7-million-to-shut-down-during-heat-wave-in-august/
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