The Pomp Letter
The Pomp Letter
Narrative Violation: Bitcoin Mining Bolsters Texas Power Grid
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Narrative Violation: Bitcoin Mining Bolsters Texas Power Grid

To investors,

There is something very interesting happening in Texas. An immense amount of capital has been allocated to oil, gas, and renewable energy, which has led to a surplus of energy approximately one out of every seven days of the year. This means that so much energy is being produced that the citizens and corporations are not able to consume it …

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