Shares of Applied Digital, Cipher Digital, and TeraWulf dropped 13-17% following Texas Governor-elect Gina Hinojosa's pledge to halt new data center approvals until new regulations address electricity and water cost impacts. Cipher Digital, heavily exposed to Texas, faces the most risk, while Applied Digital and TeraWulf have more diversified operations but still feel the pressure. Analysts have cut price targets and expect ongoing uncertainty, with potential delays in data center development possibly increasing the value of existing facilities. Investors should watch for upcoming quarterly reports and regulatory developments in Texas.
Applied Digital shares are down 15.35% on Pluang as of Nov 06, 2026 00:21 WIB, reflecting strong selling pressure with 57% of orders to sell. Cipher Mining trades at USD 5.63 with a 13.31% decline, while TeraWulf is priced at USD 10.24, down 12.48%. These price moves coincide with high trading volumes, particularly 103 million shares for Cipher Mining, indicating active market response to Texas regulatory concerns.
Democrats won key Texas offices, with Governor-elect Gina Hinojosa proposing a pause on new data center permits and repeal of tax exemptions. Texas holds 27% of planned U.S. data center power capacity, making these proposals a significant risk to com...
Applied Digital shares rose 9% as AI data center stocks recovered from a recent drop caused by CEO concerns over financing new capacity amid rising borrowing costs. Despite a 30% decline over the past month, the company reassured investors by highlig...
Applied Digital's stock fell 8% after CEO Wes Cummins revealed the company still needs to finance about 800 MW of its planned AI data center capacity. Despite having $20 billion in contracted revenue and tenants with strong credit ratings, rising bor...
