In Texas the data-center question dropped from the Capitol to city halls, and water disclosure is becoming the price of local consent.

Hut 8 fully commercialized its 1-gigawatt Beacon Point campus with a $9.8 billion lease today, while Austin's council takes up water-disclosure rules Thursday. The Texas data-center debate has moved to local government, and the strongest operators are already volunteering the disclosure others now want on paper.