TFTC: A Bitcoin Podcast Bitcoin Mining in ERCOT | Brad Cuddy, Center of Hash E007
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Sep 9, 2025 
Brad Cuddy from Cholla Inc. is a Bitcoin mining expert focused on Texas operations. He discusses how Bitcoin mining has become essential to grid stability, responding dynamically to power pricing during scarcity. Cuddy explains the competition for energy between Bitcoin miners and AI data centers, highlighting how miners adjust consumption to support the ERCOT grid. He also delves into renewable energy integration and the economic models that enable Bitcoin mining to optimize underused energy resources.
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Mining Raises Utilization, Spurs New Generation
- Bitcoin monetizes underused generation and increases asset utilization without changing generator bid behavior.
- Higher utilization incentivizes new generation to be built by exposing market demand.
Miners Opened The Door For AI Compute
- Bitcoin mining paved the way for hyperscale AI demand by proving large interconnects and dense power sites.
- AI and mining compete for the same bulk capacity but have different flexibility and economics.
Plan For Multi-Year Interconnect Timelines
- Expect multi-year interconnect lead times for large sites; plan acquisition or co-location accordingly.
- Consider buying energized capacity or partnering with existing interconnect holders to accelerate deployment.