Bitcoin Miners Face Mixed Results Amid Network Challenges and Texas Heat in August

"Unfortunately, a lot of renewables don’t meet the needs of high speed compute, in their demand for consistent and high quality energy,” says Paul Prager, the CEO of the #bitcoinmining company TeraWulf, which is also expanding into #AI. “And you can’t snap your fingers and have a power plant tomorrow.” – @PaulBPrager, CEO of $WULF for @TIME Magazine It’s becoming increasingly difficult to source abundant, reliable, renewable power. Renewable sources like wind and solar aren’t consistent enough on their own to meet the energy needs of AI/HPC, leaving hydro and nuclear as the primary, and highly sought-after, renewable energy sources. Power plants take years to build and integrate into the grid, and for those who need power NOW, there aren’t too many options, especially for Co.'s with climate pledges like Microsoft or Google. Thank you @TIME and @AndrewRChow for taking the time to speak with us and learn about TeraWulf’s upcoming AI & HPC projects and including us in your article: How AI Is Fueling a Boom in Data Centers and Energy Demand https://t.co/txazs8JXdN