CoinShares: Bitcoin miners hold scarce power capacity for AI
- —225 moratoriums and restrictions on data centers across 30 US states
- —The US grid connection queue is about 2,600 GW, twice the installed capacity
- —Average connection wait time exceeded 5 years for 2025 projects
- —Retrofitting mining for AI costs $8–15 million per MW versus $0.7–1 million per MW for mining
Why it matters: Restrictions are turning miners' power capacity into a scarce asset, which could raise their valuation and accelerate the industry's shift into AI infrastructure.
Source: BeInCrypto IT