Cryptocurrency turmoil is affecting crypto miners, who require lots of electricity to operate. Energy costs are up, and demand is down.
A MARTÍNEZ, HOST:
Cryptocurrencies such as bitcoin are generated or mined by companies using racks and racks of custom-purposed computers. The world of digital currency is struggling these days in the wake of the FTX scandal. Crypto miners are facing problems of their own. Vaughn Golden from member station WSKG explains.
VAUGHN GOLDEN, BYLINE: A few years ago, cryptocurrency mining operations were a golden goose. Firms flocked to places like Massena, N.Y., to mine bitcoin, promising to bring with them jobs
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