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[Texas Tightens Power Approval for Data Centers, Bernstein Says Positive for Existing Mining Companies and AI Operators] According to The Block, Texas Governor Greg Abbott has ordered the Public Utility Commission and grid operator ERCOT to audit data center projects within the state, with ERCOT temporarily halting the Batch Zero power approval process. Currently, data center applications account for approximately 90% of ERCOT's 474GW interconnection queue. Bernstein analysts pointed out that regulatory scrutiny will suppress speculative development and limit new power capacity, increasing the scarcity value of already approved power capacity, benefiting existing Bitcoin mining companies and AI operators. The report states that Cipher Digital, CleanSpark, and Core Scientific are significantly impacted by the audit, while Terawulf demonstrates strong risk resilience. Riot Platforms and IREN benefit from their large-scale approved operational assets.