ERCOT bitcoin mining queue reached 474GW in requests, Marty Bent notes

ERCOT bitcoin mining queue reached 474GW in requests, Marty Bent notes
ERCOT bitcoin mining requests exceed demand

Marty Bent, founder and podcaster at TFTC, highlights that bitcoin mining requests in the ERCOT grid between 2021 and 2023 totaled 474GW but warns this figure does not reflect actual demand.

He explains that many opportunists have entered the ERCOT queue, aiming to signal their interest to AI companies, but most will not ultimately receive the energy they seek.

Bent previously urged users to promptly access their Coldcard wallets and transfer funds following confirmation that existing funds remained secure in an earlier alert to wallet holders. He also called attention to a new vulnerability in Coldcard devices, advising users to review their crypto security practices. Both incidents reflect his focus on operational risks in the digital asset sector.

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