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.