Fitch Ratings warns of risks crypto miners pose to US power supply

Global credit rating agency Fitch Ratings is warning public power utilities across the United States to mitigate the risk crypto mining could post their production of power.

In a Monday notice, Fitch Ratings said that only utilities in states like Washington, which have excess generation capacity, may be capable of meeting the power requirements of many crypto mining operations. The agency claimed that though some crypto mining firms can become “the largest customer in a rural service…

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