This story was updated at 2:15 p.m. EDT.
Democratic lawmakers today are renewing calls for federal agencies to force cryptocurrency mining firms to disclose their emissions and energy use, after an investigation revealed that major firms in the United States are using power on par with major cities.
Massachusetts Sen. Elizabeth Warren and California Rep. Jared Huffman disclosed today that their inquiry into seven cryptocurrency mining firms operating in the United States showed that they use 1,045 megawatts, or the same capacity required by Houston, which has a population of 2.3 million people.
The lawmakers likewise revealed that the cryptomining process results in carbon emissions of at least 1.6 million tons annually and increases energy prices for other consumers.
“The results of our investigation, which gathered data from just seven companies, are disturbing, with this limited data alone revealing that cryptominers are large energy users that account for a significant — and...
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