Texas says data centers must pass an audit before connecting to the grid

Governor Greg Abbott directed the Public Utility Commission of Texas (PUCT) and ERCOT to verify and audit new data center proposals before they connect to the state energy grid. These mandates require facilities to provide adequate information on electricity and water use. This new audit process could slow the approval of new facilities and potentially impact crypto mining growth, affecting the global hash rate and investor confidence within the sector due to delayed grid connections.