CoinShares’ November 9 weekly report noted that its blockchain equity index fell 6.6% last week, while Bitcoin declined 2.1% over the same period. Cipher Digital, IREN, and Hut 8 fell 31.5%, 31.3%, and 30.8%, respectively. CoinShares believes that after the U.S. midterm elections, Texas’s incoming governor proposed tighter data center regulations, prompting concerns that project approvals could slow and electricity costs could rise. However, tighter regulation could also increase the value of mining companies’ assets if they have secured power connection permits and hold long-term customer contracts.