Bitcoin advocates talk about the cash flows sponsoring new generation capacity, but everyone ignores the fact that bitcoin plants are being built in areas with

Bitcoin advocates talk about the cash flows sponsoring new generation capacity, but everyone ignores the fact that bitcoin plants are being built in areas with low power prices, so they are necessarily less valuable to the grid than next-to-regular-load. Almost all Bitcoin plants in Texas (except Riot) are in West Texas, next to solar farms that are transmission line limited.