U.S President Donald Trump plans an Emergency Power Auction to fix the high electricity prices in the U.S. Electricity has been getting very expensive in recent years because the AI data centers consume a massive amount of power. The idea of this plan is that big companies would pay upfront for the new power plants, and they would sign a 15 year contract. Even if they don’t use electricity, they still pay, and this could unlock $15 billion in new power generation. The goal is to increase the electricity supply and to stop increasing power prices.
This plan would be a huge relief for the Bitcoin miners, as Bitcoin mining needs cheap electricity to be profitable. Right now, AI companies pay more money for electricity, and data companies consume huge amounts of power; also, electricity prices are rising fast. Power companies and miners like Galaxy Digital, CleanSpark, and IREN prefer AI over bitcoin miners. So many miners’ plans are switching to AI work.
Long-Term Power Expansion Could Ease Energy Costs and Slow Miners’ Shift to AI
If the new power plants are built, there will be more electricity, and the prices of electricity will stop rising. If this happens, Bitcoin mining becomes cheaper, and there is no need to switch bitcoin miners to AI and reduce pressure on miners to abandon Bitcoin for AI. However, this is not going to happen soon, and power plants take years to build, and the benefits will arrive gradually.
This plan is really about who controls the electricity in the AI era. AI firms want to get long-term control over power so that they can run a huge number of data centers. Because they can pay more, Bitcoin miners are losing access to cheap electricity. This proposal tries to shift power expansion costs to tech giants and indirectly gives bitcoin miners a chance to stay competitive.
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