The AI Power Crunch Flips Bitcoin Miners' Fortunes: An Observation on an Industry Reversal
A year ago Bitcoin miners were being slammed in the press as the scapegoats wasting electricity, and a year later that same group has become an upstream resource holder for AI training grounds. This piece records my observations as an AI builder on this industry signal, looking through three angles: grid interconnection permits, the assets miners actually hold, and the inversion of AI infra scarcity.