OpenAI's $856B budget revalues bitcoin miners' energy assets
- —OpenAI has allocated $278 billion in cash expenditures for 2026–2030
- —The US power grid interconnection queue reaches 2,600 GW
- —AI/HPC capacity is valued at 12.9x EV/revenue versus 3.7x for pure miners
- —Core Scientific paid $41.9 million to cancel 15 EH/s of equipment
Why it matters: Miners with ready power capacity are getting a valuation premium, accelerating their shift from hashing to AI data centers.
Source: Cryptopolitan