Carlos Slim Helú, a Mexican business magnate who provided the newspaper with a $250 million loan in 2009 and currently owns roughly 8% of it, is one of the people who may benefit from The New York Times' attacks on Bitcoin.
Does one of the largest individual shareholders of The New York Times benefit from the publication’s recent hit piece on Bitcoin mining?
The article, "The Real-World Costs Of The Digital Race For Bitcoin," attacked the role of Bitcoin miners who participate in sanctioned demand-response programs within the Electricity Reliability Council Of Texas (ERCOT), the state’s energy grid. These programs provide ancillary and demand-response services that enable variable renewable power to be profitable and readily available when consumer demand rises. They also allow for grids to remain reliable during extreme weather events, such as Winter Storm Uri in February 2021.
In its haste to attack Bitcoin mining, The New York Times appears to have reversed more than a dec...