The Public Utility Commission of Texas approved a new framework to reform grid connections for large power consumers, sending shares of several Bitcoin mining companies higher.
According to NS3.AI, Cipher Digital jumped more than 10%, while Core Scientific rose over 3% and Riot Platforms gained over 2%.
The report said Bitcoin miners that built large-scale power infrastructure in Texas are expanding into AI and high-performance computing (HPC). It added that the streamlined grid-connection process could support these companies as they grow data center operations.
Texas Grid Connection Reform Lifts Bitcoin Miners, With Cipher Digital Up Over 10%
2026-06-18 21:26:02
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