Cloud infrastructure provider CoreWeave has written to Texas Governor-elect Gina Hinojosa to collaborate on data center regulations following a sharp market sell-off, Bloomberg Law reported.
“You have made clear that data center growth must work for Texas,” CoreWeave co-founder and Chief Executive Officer Michael Intrator said in a statement reported by Yahoo Finance. “We strongly support those principles.”
Intrator sent the letter on Saturday, according to TNW. He offered to work with the transition team on finishing projects that already hold permits.
CoreWeave, a company that rents out AI computing power to firms like OpenAI and runs six data center sites in Texas, sent a letter on November 7, 2026, to Texas Governor-elect Gina Hinojosa, asking to work with her incoming administration on data centers. Hinojosa won the… pic.twitter.com/zXDPtvqePB
The chief executive also offered assistance in setting clear, lasting standards for new facilities. Hinojosa, a Democrat, won Tuesday’s election after pledging to pause new data centers until the state establishes official rules. She has maintained that these facilities should pay their own way while prioritizing water and power for Texas residents, ABC13 reported.
The diplomatic overture arrives during a difficult financial period for the GPU-accelerated cloud provider. CoreWeave stock recently dropped to a record low of $49.92, completing a 44% monthly decline, while yields on corporate bonds climbed past 17% in early November, Yahoo Finance reported.
CoreWeave $CRWV just said it sent this letter to Texas Governor-elect Gina Hinojosa today pic.twitter.com/fF8h3w7inZ
Investors have grown worried that regulatory roadblocks might derail expansion plans. The company carries a debt load estimated near $50 billion, leaving it heavily dependent on continuous borrowing to fund its infrastructure.
CoreWeave appears to expect that previously approved projects can proceed. Carl Holshouser, the company’s head of government affairs, stated in a LinkedIn post that Hinojosa had made clear permitted projects can be completed, TNW reported. However, TNW could not find public record of Hinojosa making that specific statement herself.
Holshouser helped draft the letter to the incoming administration. He added that families should not pay for new power lines and plants, and that new sites must protect local water and power supplies.
Meanwhile, Hinojosa’s team has not yet explained how a proposed construction pause would function in practice. Texas regulatory scrutiny has already intensified under outgoing leadership, as outgoing Governor Greg Abbott ordered regulators in August to pause new grid links and audit existing data centers.
