What the Texas virtual currency mining regime covers
SB 1929 added a large flexible load registration provision for virtual currency mining facilities that enter into retail electric service agreements in the ERCOT power region. The statute defines a virtual currency mining facility as a facility using electronic equipment to add virtual currency transactions to a distributed ledger. The statutory trigger applies where the facility requires more than 75 megawatts of total load and the load is interruptible.
The PUCT rule, 16 TAC §25.114, adds operational detail. It requires a covered facility receiving retail electric service in ERCOT at transmission or distribution voltage to register as a large flexible load if it requires more than 75 MW and its interruptible load equals 10% or more of actual or anticipated annual peak demand. Existing covered facilities had a February 1, 2025 registration deadline; new covered facilities must register no later than one working day after beginning retail electric service.