Texas has paused the approval process for new data centres seeking to connect to the power grid, but the move is expected to have limited impact on existing electricity contracts held by bitcoin miners operating in the state. Bernstein said many major miners already have contracts based on approved power capacity. The pause follows an order by Governor Greg Abbott for audits of all such applications. Future data centre pipelines may face greater disruption and rising local opposition.

Bitcoin mining company TeraWulf signed a 20-year lease with Anthropic to rent an AI data centre campus in Hodgenville, Kentucky, and expects about $19 billion in revenue from the deal. The facility at TeraWulf’s Justified Data site is expected to support about 401 megawatts of computing capacity, with phase one set for the second half of 2027 and full capacity planned by early 2028. Mining stocks rose after the announcement.