Texas elects Hinojosa as governor on data center freeze, testing bitcoin miners

Texas voters elected Gina Hinojosa governor after she pledged to pause new data center approvals, a direct threat to bitcoin miners that have been valued on the megawatts of power they control in the state. Miners that pivoted to hosting AI compute depend on Texas for cheap, accessible power, so a freeze on new approvals could slow expansion and compress the premium investors pay for their pipelines. The article notes some miners already hold approved capacity and may be insulated, but the policy shift raises regulatory risk for the sector.