Canaan says data center power bill overlooks Bitcoin miners' grid flexibility

The Ratepayer Protection Act could raise costs for large computing sites without crediting Bitcoin miners’ ability to reduce demand during peaks. The Senate stalled the bill on September 30 in a 57-43 procedural vote. The proposed standard would make computing sites drawing at least 100 MW pay full incremental grid upgrade costs and provide financial assurances. States would decide whether to adopt the standard, leaving commissions central to cost allocation and recognition of flexible demand. Duke University researchers estimated the US grid could absorb 126 GW of new load if users curtailed consumption 1% of the time. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canaan Inc. published the original content used to generate this news brief on October 16, 2026, and is solely responsible for the information contained therein. (C)