Comment by runnerup

Texas’ strategy is to encourage additional growth in the crypto mining sector because ostensibly they use a lot of power during off-peak days/hours which supports capital payback but also is flexible enough to turn off their load when the grid production is over stressed, so they theoretically won’t contribute to blackouts.

Not sure if this thinking is fully correct, but on its face it’s at minimum not completely absurd.

Also I think some of the Texas leadership is financially or emotionally invested in cryptocurrency.