# AI Is Stealing Bitcoin Mining Sites in Texas w/ Ryan Nuckolls Page: https://stenobird.com/podcast/hashrateup-a-bitcoin-mining-podcast-6575766/ai-is-stealing-bitcoin-mining-sites-in-texas-w-ryan-nuckolls Text version: https://stenobird.com/podcast/hashrateup-a-bitcoin-mining-podcast-6575766/ai-is-stealing-bitcoin-mining-sites-in-texas-w-ryan-nuckolls.md Podcast: [HashrateUp - A Bitcoin Mining Podcast](https://stenobird.com/podcast/hashrateup-a-bitcoin-mining-podcast-6575766) Published: 2026-06-06T12:12:23+00:00 Episode link: https://podcasters.spotify.com/pod/show/ben-raich8/episodes/AI-Is-Stealing-Bitcoin-Mining-Sites-in-Texas-w-Ryan-Nuckolls-e3kddlb Audio file: https://anchor.fm/s/111cf6d4c/podcast/play/121074795/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-5-6%2F425603409-44100-2-993c7b2b5be96.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/hashrateup-a-bitcoin-mining-podcast-6575766/episodes/ai-is-stealing-bitcoin-mining-sites-in-texas-w-ryan-nuckolls Duration seconds: 2247 ## Resource 🔗 Ryan Nuckolls:LinkedIn: https://www.linkedin.com/in/ryan-nuckolls-36a9975bX (Twitter): https://x.com/RyanNuckolls_🔗 Texas Energy Group:Website: https://texasenergygroup.comEnergy Management: https://texasenergygroup.com/energy-management/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 Intro0:39 Ryan returns to HashrateUp0:48 Texas Energy Group and the AI pivot3:00 From oil and gas power to "permit to power" infrastructure5:30 How long energy and land development deals actually take6:29 Permitting, counties, and political risk8:55 Does AI baseload demand help the Texas grid?9:20 AI bubble risk and the dot-com comparison12:24 What happens to a 10 MW mining site if mining disappears?15:01 Natural gas, grid power, BESS, and backup generation18:20 Bitcoin miners vs AI data centers: speed, scale, and timelines21:08 Why air-cooled Bitcoin miners are moving behind the meter21:20 Where Ryan thinks hash rate goes next24:04 Why AI can outbid Bitcoin miners for electrons27:00 Europe, Germany, and the U.S.… ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/hashrateup-a-bitcoin-mining-podcast-6575766/episodes/ai-is-stealing-bitcoin-mining-sites-in-texas-w-ryan-nuckolls/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/hashrateup-a-bitcoin-mining-podcast-6575766/ai-is-stealing-bitcoin-mining-sites-in-texas-w-ryan-nuckolls.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.