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The case for $BTC miners in Texas is more insulated from Monday's news than the announcement suggested.
Governor Greg Abbott placed a moratorium on new approvals for data centers connected to the ERCOT grid, pending an audit of those connections.
Bernstein, the research firm, says that miners who already hold approved electricity contracts are not touched by the freeze.
What the moratorium actually covers Abbott's order draws a clean line between new applicants and existing approved operators. The moratorium halts the approval pipeline for ERCOT-linked data centers.
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