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Texas governor race outcome clouds Bitcoin miners' expansion, Bernstein cuts price targets sharply

05 Nov 2026, 14:05 WIB
Tokenpost
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Bearish
Texas governor race outcome clouds Bitcoin miners' expansion, Bernstein cuts price targets sharply

Gina Hinojosa's win in the Texas governor race has created uncertainty for Bitcoin mining companies planning expansion in the state. Hinojosa proposes pausing new data center approvals until regulations protect residents, including measures to prevent utility bill hikes and limit confidentiality agreements. Bernstein responded by cutting price targets for seven Bitcoin miners with significant Texas exposure by 35% to 54%, citing tighter financing and regulatory uncertainty. Texas holds over half of the power capacity for these miners, making the state's policy changes critical for their future projects, especially as many shift toward AI computing requiring large data centers.

The Texas data center pause proposal and its impact on Bitcoin miners provide context for market watchers. For readers following cryptocurrency markets, here is Pluang's snapshot as of Nov 05, 2026 19:22 WIB: out of 50 major cryptocurrencies priced on Pluang, 37 rose and 11 fell today. Notable movers include ALGO at Rp1.820 with a 4.78% gain and a typical hold time of 131 days, CAKE at Rp36.015 up 4.61%, and ETH at Rp43.784.224 rising 4.25%.

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