Texas electric grid moratorium won’t have big impact on BTC miners: Bernstein

Monday’s announcement that Texas Governor Greg Abbott set a moratorium on approval of ERCOT-linked data centers pending an audit won’t impact miners’ approved electricity contracts.

Bitcoin miners with operations in Texas are not expected to be impacted by a moratorium on approval of data center projects connected to the state’s grid operator ordered by Governor Greg Abbott, Bernstein analysts said Tuesday.

Abbott on Monday directed the Public Utility Commission of Texas and the Electric Reliability Council of Texas (ERCOT) to audit all data centers seeking to connect to the state’s power grid. The duration of the audit was not specified and comes amid increasing public backlash to the pace of data center build-out across the state, The Texas Tribune reported.

Bernstein analysts told clients on Tuesday that as most of the Bitcoin (BTC) miners operating in Texas are under contract for approved electric capacity, those operations are unlikely to be impacted by the moratorium.

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