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NERC report: Cryptocurrency mining and AI data centers are driving North American electricity demand to record highs

According to online reports, Cointelegraph reported that the latest report from the North American Electric Reliability Corporation (NERC) shows that the rapid development of cryptocurrency mining and AI data centers is driving North American electricity demand to a record high. Taking Texas as an example, the annual growth rate is expected to reach 4.6% by the peak summer electricity consumption period of 2029, four times the previous forecast. NERC pointed out that encryption mining electricity consumption fluctuates with market prices, while AI data centers require continuous cooling and storage energy. These unstable factors pose challenges to power grid management. In response to this trend, Texas has implemented an energy response plan and strengthened distributed energy management through the HB 3390 bill. Some mining companies such as MARA have also begun to switch to renewable energy.

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