Texas Grid Connection Reform Lifts Bitcoin Miners, With Cipher Digital Up Over 10%

The Public Utility Commission of Texas approved a new framework to reform grid connections for large power consumers, sending shares of several Bitcoin mining companies higher. According to NS3.AI, Cipher Digital jumped more than 10%, while Core Scientific rose over 3% and Riot Platforms gained over 2%. The report said Bitcoin miners that built large-scale power infrastructure in Texas are expanding into AI and high-performance computing (HPC). It added that the streamlined grid-connection process could support these companies as they grow data center operations.