Texas-count computing-power stocks weakened during vote counting, while a trader's TWAP order shorted CoreWeave over the same period.

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 computing-power-related contracts also weakened in tandem. Since 9 a.m. today, CoreWeave (CRWV) has fallen about 5.3% to $50.06, while IREN and CIFR have fallen about 6.2% and 7.7%, respectively. Texas official vote count

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

CoreWeave still has large-scale computing 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 and 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 computing-power stocks, trader 0xa290 opened a new short position in CRWV worth about $500,000 through a 30-minute TWAP trade. The account currently holds a position valued at about $491,400, with an average entry price of $50.28, using 10x isolated leverage and a liquidation price of $52.69.