StocksMedium•5 November 2026•
1 min read
Texas Data Center Pause Proposal Triggers Bernstein Cuts for Bitcoin Miners
Key Facts
1Texas Governor-elect Gina Hinojosa called for a halt on new data-center approvals until lawmakers establish resident protections.
2Bernstein lowered price targets for seven Bitcoin mining companies by 35% to 54% following the proposal.
Texas Governor-elect Gina Hinojosa called for a halt on new data-center approvals until state lawmakers establish protections for residents. TokenPost reported that the proposal includes requiring developers to prove projects will not increase household utility bills and ending long-standing government incentives for such facilities.
Bernstein lowered price targets for seven Bitcoin mining companies by 35% to 54% following the proposal. The firm cut its target for Riot Platforms to $18 from $35, MARA Holdings to $10 from $17, and CleanSpark to $11 from $24, citing regulatory uncertainty in a state that accounts for approximately one-quarter of planned U.S. data-center capacity.