Bitcoin miners spent a decade securing cheap power and building grid-connected infrastructure. AI companies now need exactly that: reliable electricity is the bottleneck, not money, and establishing new sites takes five to seven years. Existing mining operations offer a shortcut.
things that the AI economy needs: power, compute infrastructure, and eventually, of course, digital money. Let's start with the power. Bitcoin miners spent the last decade searching for as much cheap and available energy they can get, right? So they secured the land, they negotiated with all the utilities, long-term leases with the utilities, they built the substations, they connected massive sites to this electrical grid. And that's exactly what the AI industry needs right now. Now, everybody talks about GPUs, but a GPU for AI GPU without electricity, it's just, I don't know, an expensive paperweight. The biggest constraint isn't the money, it's time, right? So like in many markets, getting a new grid-connected site can take 5 to 7 years.
