Texas computing power stocks weaken during vote counting, while a trader shorts CoreWeave in the same period.

BlockBeats news, November 4 — According to TradingBeats monitoring, the Texas gubernatorial election has entered the vote-counting stage, with Democratic candidate Gina Hinojosa leading in the votes reported so far, and her policy proposals to restrict the expansion of large data centers are drawing attention.

Hyperliquid compute-related contracts weakened in tandem. Since 9 a.m. today, CoreWeave (CRWV) has fallen about 5.3% to $50.06, while IREN and CIFR have dropped about 6.2% and 7.7%, respectively.

Hinojosa advocates pausing approval of new data center construction until the state legislature enacts regulations protecting residents' water, electricity, and community rights, while also eliminating existing tax incentives for large data centers.

CoreWeave still has large-scale compute infrastructure in Texas awaiting delivery. Galaxy previously disclosed that its Helios data center campus in West Texas has delivered 133MW of critical IT load to CoreWeave, with another 260MW second-phase project under construction, expected to begin delivery in the first half of 2027. Subsequent changes in data center regulatory policy could affect local project expansion and delivery arrangements.

According to TradingBeats monitoring, during the decline in compute stocks, a trader 0xa290 opened a new CRWV short position of about $500,000 through a 30-minute TWAP trade. The account currently holds a position worth about $491,400, with an average entry price of $50.28, using 10x isolated leverage and a liquidation price of $52.69.