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Wall Street cuts Bitcoin miner targets amid Texas political shift

Original: Wall Street cuts Bitcoin miner price targets as newly blue Texas threatens data center boom

Wall Street analysts have lowered price targets on publicly listed Bitcoin mining companies, citing risks to their data center expansion plans in Texas. The move follows the state shifting Democratic in recent elections, raising uncertainty over the cheap power deals and supportive policies miners rely on for their pivot to AI and high-performance computing hosting.

Why now: Recent election results in Texas have made investors question the future of the low-cost power environment that Bitcoin miners depend on for growth.

Bitcoin minersTexasWall Street analystsCoinDesk

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• Wall Street cuts Bitcoin miner price targets as newly blue Texas threatens data center boom · CoinDesk

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