Odaily Planet Daily reports: On Monday, Texas Governor Greg Abbott instructed the Texas Public Utility Commission and the Electric Reliability Council of Texas (ERCOT) to audit all data centers seeking access to the state’s grid and to suspend approval of ERCOT-related data center projects; the duration of the audit has not been disclosed. Bernstein analysts stated that most Bitcoin mining companies operating in Texas have already signed approved power capacity contracts, and their operations are not expected to be affected by the suspension of approvals. They believe this audit will constrain speculative data center pipelines, increasing the value of real sites with established development histories. The analysts noted that Cipher Digital, Core Scientific, and CleanSpark’s Texas operations may face greater public opposition during the ERCOT approval process as they convert pipeline assets into grid-connected power capacity. IREN and Riot Platforms’ mining operations in Texas have already received full ERCOT grid approval.
Texas Halts Approval of ERCOT-Related Data Centers; Approved Bitcoin Miners Likely Unaffected
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Summary
Texas Governor Greg Abbott has paused new ERCOT-related data center approvals, directing the Texas Utility Commission to audit all grid access applications. Bitcoin news outlets such as Odaily report that miners with approved power contracts are likely unaffected. Bernstein analysts say speculative data center projects may slow, while sites with established development histories could gain value. Companies like Cipher Digital and Core Scientific may encounter challenges during the ERCOT approval process. IREN and Riot Platforms have already secured full grid access for their Texas operations. Recent inflation data has not yet influenced this shift in energy policy.
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