Tech giants like Amazon and Microsoft are intensifying competition with bitcoin miners for access to electricity, which could lead to a reduction in the USA's share in the global hashrate to less than 20% by 2030 ⚡

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The Federal Energy Regulatory Commission (FERC) of the USA has blocked Amazon's request to use electricity from a neighboring nuclear power plant, which may complicate bitcoin miners' access to resources.

Expert Yaran Mellerud stated that AI data centers are willing to pay more for electricity, threatening mining. It is forecasted that by 2030, the USA's share in the global hashrate will decrease from 40% to less than 20%, with mining shifting to regions lacking sufficient infrastructure for AI.

Tech companies like Amazon and Microsoft are actively purchasing electricity, complicating the situation for bitcoin miners using equipment unsuitable for AI. By 2024, AI is expected to consume 169 TWh, exceeding the projected 160 TWh for bitcoin mining by 2027.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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