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Bitcoin mining company Riot Platforms Inc. is looking to take advantage of the energy market in Texas as the state braces for a potential surge in power demand this summer. The Colorado-based company, which operates one of the largest facilities in Texas, has made millions of dollars by selling pre-purchased power back to the state's grid during energy shortages. In 2023, Riot earned $71.2 million in power credits, and $27.3 million in 2022. This puts the company in a strong position to capitalize on the volatile energy market in Texas.
