Texas questions whether AI data centers should pay for the grid they strain
Texas spent years courting AI companies, cloud providers, and Bitcoin miners with cheap electricity, abundant land, and a sales tax exemption that's grown into one of the state's costliest incentive programs. But now, Governor Greg Abbott has told state regulators to flip the arrangement, directing them to require data centers to fund the grid they […] The p...
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How STRC lost its par: The timeline behind Strategy's preferred-stock meltdown
From a bond buyback and dwindling cash reserves to a bitcoin bear market, the sequence of events that turned STRC's par-value challenge into a marketwide debate....
Bitcoin’s ‘digital credit’ yield trade breaks below par as margin calls hit $10 billion market
Bitcoin’s emerging digital-credit trade broke below its promise of calm this week. This week, Strategy’s STRC preferred shares fell as low as $82.50 before rebounding, while Strive’s SATA slid from around par into the low $90s and also recovered. Both products had been sold into the market as income instruments built around Bitcoin treasury companies, […] Th...
