For most of its history, Bitcoin mining followed a simple map: find the cheapest electricity, connect the machines, and let the Bitcoin network decide the rest. The rule worked because miners were unusually mobile. A facility could move where power was underused, stranded, seasonal, or politically available.
That rule is now under pressure. The competitor for the same socket is no longer only another cryptocurrency mining operation. It is AI infrastructure, and the same substations that once attracted mining sites are being reviewed for data centers with contracted customers, higher uptime requirements, and different pricing logic.
