Texas governor’s data center permit halt threatens Riot’s Bitcoin mining pivot
AI summary
Riot sold 79% of its Bitcoin to fund AI data centers in Texas, and the state's new governor now wants data center permits halted. A pause on permits could slow mining and AI infrastructure expansion in a state that has become a major hub for both. Traders should watch whether the stance becomes policy, since it would affect miners' growth plans and Riot's pivot away from holding BTC.
