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Texas faces growing opposition to crypto-linked data centers, halting $130B in projects amid resource concerns.

Market News
13 Jul 2026
Crypto Briefing
View Source
Bearish
Texas faces growing opposition to crypto-linked data centers, halting $130B in projects amid resource concerns.

A coalition led by Greenpeace and over 520 groups is pushing for a national ban on new data centers tied to cryptocurrency and AI, citing Texas's struggles with water and electricity resources. Public opposition in Texas has surged, with 56% statewide and 62% in rural areas opposing data center construction. This backlash has stalled or blocked $130 billion worth of projects in early 2026, including many linked to Bitcoin mining, which relocated to Texas after China's 2021 crackdown. Local moratoriums like Hill County's one-year ban may spread, and a potential federal moratorium could create uncertainty for the crypto mining industry that has thrived under state-friendly policies.

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Snap insider sells 20,000 shares amid 27% stock drop over past year

Snap insider sells 20,000 shares amid 27% stock drop over past year

A Snap insider has sold 20,000 shares as the company's stock has declined by 27% over the last year. This insider sale may signal concerns about the stock's near-term prospects or a personal decision to liquidate holdings. Investors should watch for ...

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1 hour ago
Sandisk stock expected to reach low $2,000s by 2030, not outperforming the market

Sandisk stock expected to reach low $2,000s by 2030, not outperforming the market

Analyst Daniel Sparks projects Sandisk's stock price to rise from about $1,790 to the low $2,000s by 2030. This growth forecast suggests the stock will not outperform the broader market during this period. Investors should consider this moderate outl...

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Bullish
1 hour ago
Red Canyon advances Kendal Copper Project with new vectoring study and 3D geophysical survey.

Red Canyon advances Kendal Copper Project with new vectoring study and 3D geophysical survey.

Red Canyon Resources has completed an independent vectoring study and expanded soil geochemistry program at its 100% owned Kendal Copper Project in British Columbia, identifying high-priority untested targets including the Ridge Breccia and Express C...

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4 hours ago
Integra Resources reports strong gold drill results at Nevada's Florida Canyon Mine, boosting resource growth potential.

Integra Resources reports strong gold drill results at Nevada's Florida Canyon Mine, boosting resource growth potential.

Integra Resources announced promising drill results from its Florida Canyon Mine in Nevada, highlighting potential gold resource expansion at the Madre Shear North Target and areas between existing open pits. These findings build on a recent 74% incr...

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4 hours ago
Mosaic names Walt Precourt as new EVP Operations; Karen Swager to retire in 2027

Mosaic names Walt Precourt as new EVP Operations; Karen Swager to retire in 2027

The Mosaic Company announced that Karen Swager, Executive Vice President of Operations, will retire in the second quarter of 2027. Walt Precourt, currently Senior Vice President and Chief Administrative Officer, will take over as Executive Vice Presi...

Company Fundamentals
Neutral
4 hours ago
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