Aug 11, 2026 commentary

Texas Grid Reprieve Draws Miners Closer to Value

₿ Conviction

Bitcoin miners with Texas exposure have repriced sharply lower since the state launched an energy audit, but the initial ERCOT guidance increasingly suggests a timing disruption rather than a permanent loss. Meanwhile, tomorrow’s consumer price data and a forthcoming SEC proposal on token offerings introduce two distinct catalysts that could reshape sentiment across the digital asset complex.

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