Texas computing-power stocks weakened as the state counted votes in its gubernatorial election, while a trader opened a short position in CoreWeave, according to BlockBeats citing TradingBeats monitoring.
Stock moves and policy
CoreWeave (CRWV) was reported down about 5.3% to $50.06 from 9 a.m., while IREN and CIFR fell about 6.2% and 7.7%. Democratic candidate Gina Hinojosa was leading in reported votes and has proposed pausing approvals for new data centers until lawmakers protect residents’ water, electricity and community interests, while removing existing tax incentives for large facilities.
CoreWeave project and short
Galaxy previously disclosed that CoreWeave’s Helios campus in West Texas had delivered 133MW of critical IT load, with another 260MW phase under construction and expected to begin delivery in the first half of 2027. TradingBeats also tracked a trader opening about a $500,000 CRWV short through a 30-minute TWAP; the position was valued at about $491,400, with a $50.28 average entry, 10x isolated leverage and a $52.69 liquidation price.
Source: BlockBeats English report, published Nov. 4, 2026.