Texas requires Bitcoin miners to report power usage

The Public Utilities Commission of Texas (PUCT) has introduced a new rule requiring Bitcoin miners connected to the ERCOT grid to register their facilities and provide critical operational details.

The regulation, passed on November 21, mandates miners to report their location, ownership, and power demand to ERCOT within one business day of connection.

Annual renewals must be submitted by March 1 each year.

PUCT Chairman Thomas Gleeson explained that the measure aims to maintain grid reliability as mining facilities continue to expand.

“To ensure the ERCOT grid is reliable and meets the electricity needs of all Texans, the PUCT and ERCOT need to know the location and power needs of virtual currency miners,” Gleeson stated.

Non-compliance will result in a Class A violation, with penalties of up to $25,000 daily.

The rule reflects Texas’ growing role as a hub for cryptocurrency mining, driven by its affordable energy and crypto-friendly policies.

This growth followed China’s 2021 crackdown on mining, which prompted global miners to relocate to Texas.

Senator Ted Cruz has strongly supported the state’s position as a leader in cryptocurrency innovation, calling Texas a “Bitcoin oasis.”

“I want it out of government control; I don’t want federal bureaucrats having control over it,” Cruz reiterated in a November 21 interview, expressing his opposition to federal oversight of cryptocurrencies.

Cruz linked recent market momentum to expectations of favorable regulations under President-elect Donald Trump’s administration.

Reports also suggest preliminary discussions among Texan lawmakers about establishing a strategic Bitcoin reserve, signaling ongoing efforts to foster cryptocurrency growth and innovation in the state.

At the time of reporting, the Bitcoin price was $98,218.28.