Power up your mining economics
Partner with Gridmatic to fine tune your mining operation’s flexibility for optimized revenue. We’ll help you maximize mining profits through strategic participation in ERCOT’s Day-Ahead Market (DAM) for Ancillary Services.
Our energy experts understand both mining economics and market dynamics, using advanced AI forecasting to manage the entire bidding process — optimizing for both mining rewards and grid service revenues.
It’s as simple as:
Choose from our mining-optimized retail electricity contracts that include market participation options.
We’ll integrate DAM bidding into your mining energy strategy.
When market conditions are favorable, our team handles the bid submission process.
HOW IT WORKS
Smart energy bidding in action
We handle the complexity of Day-Ahead Market (DAM) participation so you can focus on your operations. Here’s how it works:
(10 AM CT)
Morning strategy
- Our advanced AI predicts tomorrow’s market conditions
- Gridmatic determines optimal bidding strategy
- We handle the bid submission process
(10 AM CT)
Morning strategy
- Our advanced AI predicts tomorrow’s market conditions
- Gridmatic determines optimal bidding strategy
- We handle the bid submission process
(2 PM CT)
Market clearing
- ERCOT reviews all market participants’ bids
- Winning bids are selected based on grid needs
- Market prices are established for each hour
(2 PM CT)
Market clearing
- ERCOT reviews all market participants’ bids
- Winning bids are selected based on grid needs
- Market prices are established for each hour
Awards notification
- You receive the next day’s schedule
- Our team reviews obligations and opportunities
- We prepare operational recommendations
Awards notification
- You receive the next day’s schedule
- Our team reviews obligations and opportunities
- We prepare operational recommendations
(Hourly)
Next-day execution
- Gridmatic monitors real-time conditions
- Your dashboard tracks performance and earnings
(Hourly)
Next-day execution
- Gridmatic monitors real-time conditions
- Your dashboard tracks performance and earnings
What happens without advanced forecasting?
Gridmatic’s AI forecasting ensures mining uptime aligns with market conditions to optimize your profitability, avoiding risks like:
Risk of bidding:
- When participating in the real-time market, you must consume power during the awarded hour so that you can be called on to curtail.
- Without advanced AI-driven forecasting, you risk exposure to price spikes.
Risk of not bidding:
- The risk of not bidding is the lost opportunity for revenue from lucrative ancillary service day-ahead market awards.
- Without advanced AI-driven forecasting, you risk missing out on additional revenue opportunities.
Proven by miners, validated by markets
As proof of the power of our forecasting, our AI has made us the #1 trader in the ERCOT day ahead market.
Maximize mining profits with Gridmatic
Let us help you optimize mining revenue and capture grid profits.
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