ERCOT Hits Reset on Texas's AI and Mining Power Queue
The Texas grid operator unveiled a draft plan to overhaul large-load interconnection, moving from one-at-a-time studies to system-wide batch reviews.
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The Texas grid operator unveiled a draft plan to overhaul large-load interconnection, moving from one-at-a-time studies to system-wide batch reviews.
A brutal winter storm forced roughly 40% of global Bitcoin mining capacity offline, with public miners curtailing aggressively to support a stressed power grid.
Disciplined participation in ERCOT's demand-response programs has made curtailment revenue a meaningful share of CleanSpark's overall mining margin.
Hyperscale AI data center demand is competing aggressively for the same power and transmission slots that miners had been quietly accumulating for years.
The total computational power securing Bitcoin briefly crossed one zettahash per second, a previously theoretical milestone now realized in practice.
Several mid-tier miners have relocated capacity to Quebec, drawn by the province's abundant low-cost hydroelectric power and cooler ambient temperatures.
The post-halving difficulty environment combined with sub-$100k Bitcoin has made any rig older than the S19 series unprofitable at average industrial power rates.
ERCOT's revised demand-response programs are paying miners more to power down — and the largest operators are leaning into it.
The interlocking power and infrastructure demands of AI hyperscale buildouts and Bitcoin mining will create more conflicts than synergies over the next several years.