Bloomberg On a sweltering summer afternoon in West Texas, a cryptocurrency miner backed by billionaire Peter Thiel powered down its data-processing centres for about 30 minutes. During that short window, the company made money not from Bitcoin, but from selling electricity. On hot days without wind, the company, Layer1, can sell its contracted power supplies back into the grid for ...

Bloomberg Cooks on strike and cracked equipment are among the latest maladies to undermine Australia’s $200 billion push to become the world’s biggest liquefied natural gas (LNG) exporter. More than a year after the completion of a decade-long LNG construction boom, two of the seven marquee projects haven’t been able to work right, the nation’s east coast urban centers face ...

India is reeling from a quadruple whammy that is practically unique even during this pandemic. First, growth has taken a hit that appears to be larger than any of its peers, with GDP shrinking 23.9% in the first post-pandemic quarter. While the economy has re-opened somewhat since then, it remains beset by supply constraints. That means — second — that ...