Texas Electric Grid Moratorium Won’t Have Big Impact on BTC Miners: Bernstein
2 Articles
2 Articles
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.
The moratorium on new power connections that Texas has imposed to ease the pressure on its network does not disturb Bernstein analysts. The investment firm has just published a report in which it concludes that the measure will have a limited impact on bitcoin miners operating in the state, the largest mining pole in the United States. The main reason is simple: the restriction only affects future projects that have not yet applied for interconn…
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