AI Is Stealing Bitcoin Mining Sites in Texas w/ Ryan Nuckolls

🔗 GUEST & LINKS

- Ryan Nuckolls (LinkedIn): https://www.linkedin.com/in/ryan-nuckolls-36a9975b

- Ryan Nuckolls (X): https://x.com/RyanNuckolls_

- Texas Energy Group (Website): https://texasenergygroup.com

- Energy Management: https://texasenergygroup.com/energy-management/

📄 OVERVIEW

In this episode of HashrateUp, Jesse sits down with Ryan Nuckolls from Texas Energy Group to unpack what is really happening on the ground in Texas power, AI data centers, and Bitcoin mining site development.

Ryan explains how TEG works from "permit to power," why AI and HPC buyers are changing the value of energized land, and why Bitcoin miners are increasingly being pushed behind the meter into stranded energy, flare gas, small-scale gas generation, and more flexible power situations.

The conversation gets into ERCOT, power trading, land deals, timelines, natural gas generation, grid interconnections, the AI bubble question, why AI can outbid Bitcoin miners for premium electrons, and why cheap ASIC prices may still create one of the more interesting mining opportunities if hashprice turns.

⏱ TIMESTAMPS

0:00 – Intro

0:39 – Ryan returns to HashrateUp

0:48 – Texas Energy Group and the AI pivot

3:00 – From oil and gas power to "permit to power" infrastructure

5:30 – How long energy and land development deals actually take

6:29 – Permitting, counties, and political risk

8:55 – Does AI baseload demand help the Texas grid?

9:20 – AI bubble risk and the dot-com comparison

12:24 – What happens to a 10 MW mining site if mining disappears?

15:01 – Natural gas, grid power, BESS, and backup generation

18:20 – Bitcoin miners vs AI data centers: speed, scale, and timelines

21:08 – Why air-cooled Bitcoin miners are moving behind the meter

21:20 – Where Ryan thinks hash rate goes next

24:04 – Why AI can outbid Bitcoin miners for electrons

27:00 – Europe, Germany, and the U.S. compute opportunity

30:25 – Are developers overbuilding for AI?

33:05 – Why cheap ASICs may still be a good bet

33:31 – Rapid fire

36:09 – Ryan's favorite gas engine setup

🛠 SPONSORED BY

- SoloMining – Home & solo mining made easy

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🔗 RESOURCES

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