Crypto
Texas Data Center Audit May Throttle Speculative Projects
Texas Governor Greg Abbott has directed regulators to audit data centers seeking to connect to the state's electric grid system, citing concerns over the pace of development.
The move is expected to slow or throttle speculative data center projects, potentially increasing the value of sites with existing development history.
Bernstein analysts argue that most Texas-based Bitcoin miners will be minimally affected by the audit, as many are contracted for approved power capacity and have already obtained electric capacity agreements.