AI hyperscalers are acquiring all available grid power connections, forcing Bitcoin miners to migrate to stranded and underutilized energy sources such as residual wind, flare gas, or off-peak hydroelectric power. This eviction does not weaken Bitcoin but restores it to its optimal thermodynamic role: capturing wasted energy where no other user can connect. For miners, signing colocation contracts with AI companies generates stable dollar-denominated revenue, eliminating the forced selling pressure that previously destabilized their balance sheets during bear markets. The article cites a simulation showing that Amazon could have multiplied its treasury productivity by ten by allocating its $123 billion cash reserves to Bitcoin over three years instead of short-term Treasuries. This structural optimization may eventually lead hyperscalers to hold Bitcoin as their ultimate reserve asset, combining absolute digital scarcity with a direct link to thermodynamic laws.
Source: Read the original article
