Texas grid approval could boost bitcoin miners' data center expansion
From tradersunion.com
Texas is reshaping how it connects large power users as demand from AI-linked data centers swells across the state. The change could favor bitcoin miners that already operate large campuses in Texas and are shifting toward higher-margin data center and high-performance computing business. Shares of several bitcoin miners with major Texas sites rose on Thursday after the decision, with Cipher Digital reaching a new all-time high of $30 and gaining more than 10%, while Core Scientific and Riot Platforms were up 3% and 2.2%, respectively. Cipher Digital has signed multiple hyperscaler AI agreements at its Texas ...
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