TechFlow reports, according to official documents, the Public Utility Commission of Texas (PUCT) has passed new regulations requiring cryptocurrency mining operations within the jurisdiction of the Electric Reliability Council of Texas (ERCOT) to register. Under the rules, mining facilities must complete registration within one business day of connecting to the power grid and update their information annually by March 1, including key data such as facility location, ownership structure, and electricity demand.
PUCT Chairman Thomas Gleeson said the measure aims to ensure the reliable operation of Texas' power grid. According to data from the U.S. Energy Information Administration (EIA), cryptocurrency mining now accounts for 2.3% of total U.S. electricity consumption, equivalent to the power usage of more than 6 million households. Non-compliant mining operations will face Class A penalties of up to $25,000 per day. Notably, ERCOT currently handles 90% of Texas' electricity load.
