Texas bitcoin mine developer shifts focus to battery storage opportunity following cryptocurrency price collapse – Energy-Storage.news

The recent downfall in cryptocurrency prices has prompted a bitcoin mine developer in Texas to shift its focus towards the battery storage sector. The company, which had initially planned to build a bitcoin mining facility, has now recognized the potential in the energy storage market. This decision comes as a result of the volatile nature of cryptocurrency prices, leading the developer to explore alternative opportunities. By entering the battery storage industry, the company aims to capitalize on the growing demand for energy storage solutions.

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