Aug. 4 at 12:50 PM
$APLD super happy APLD is not in Texas. The Texas governor just FROZE new data center projects that require approval for interconnection to ERCOT until extensive audits of each proposed such project or performed.
This is more validation of a decision by APLD to focus on states with data center markets that are not crowded like North Dakota, Louisiana and Alabama.
Bearish news for datacenter builders that are heavily invested in Texas with ambitious extension plans for more connections to ERCOT like
$IREN $CIFR and
$NUAI the first two of course have many projects that already have the required approvals, but also want to expand heavily in the state. NUAI has more plans that approvals as I understand things.
Of course if your data center project is generating its own power behind the meter it is not affected.
https://www.texastribune.org/2026/08/03/texas-data-center-project-audit-greg-abbott/
