The White House issued a stark warning in July 2025: Without $1.4 trillion in new infrastructure investment, electricity prices could surge as much as 58% by 2030.
That’s driven mostly by the insatiable power demand from the rise of AI data centers and cryptocurrencies like Bitcoin.
According to Axios, new reports show that power demand is set to grow up to 10x between now and 2030.
The grid we’ve relied on for decades simply can't keep pace, and that’s threatening to put a major strain on both the AI and Bitcoin booms that have driven markets over the last few years.
As Shark Tank investor Kevin O'Leary put it: "There is no power on the grid anymore."
Which is why in Virginia, data centers now face 7-year waits for grid connections.
And while Microsoft, Google, and Amazon are all betting on nuclear power, those reactors likely won't come online until 2028 at the earliest, more likely the 2030s.
However, one company has found a unique advantage by bridging the Bitcoin and AI markets while going where the power already exists - Norway, Finland, and rural North Dakota.
That's one reason why Bitzero (NASDAQ:AIBZ) has attracted the attention and backing of O'Leary, who calls the data center company "really a power company."
With 110 megawatts of capacity already under a binding letter for a lease at its Norway flagship, over a gigawatt in development across North America and Europe, and power contracts from 3-4 cents a Kwh, Bitzero has what both AI companies and Bitcoin miners desperately need: cheap, abundant, sustainable electricity, available right now.
Power Locked In While Big Tech Waits
Founded in 2021, Bitzero secured a large amount of its power infrastructure years ago, before the current crisis.
While most developers build first and fight for power later, Bitzero reversed that order - securing access to power first before building the infrastructure.
Their Namsskogan site in Norway runs on 100% hydroelectric power at just 3-4 cents per kilowatt-hour, roughly 70% cheaper than the U.S. average of 12 cents.
That gives Bitzero 110 immediate megawatts of capacity at the site with cheap power secured, and room to expand further to approximately 300 mw.
With the biggest hyperscalers all drawing less than 500 megawatts, this makes them competitive with even the biggest names in the space.
Bitzero isn't just renting power though. They're a licensed grid operator in Norway, giving them direct control over their energy supply.
That's a regulatory approval process that takes years and creates yet another barrier competitors can't easily overcome.
But there's an even bigger moat that Bitzero has secured because of their prescient timing before the AI boom.
Since Bitzero secured its Namsskogan site, Norway has capped new power concessions for data centers at just 5 megawatts.
That means any competitor trying to build at scale in Norway today would need to piece together dozens of tiny permits, if they could get them at all.
Norway is not even the largest of their sites though.
Finland's site near Pori dwarfs it with an additional 10 megawatts available and potential to reach up to 1 GW, powered by hydro and nuclear.
At 1 GW of potential capacity, the Finland site is large enough to serve multiple tenants at once.
A hyperscaler could take half the power while Bitzero uses the rest for other high-performance computing needs. That kind of scale and flexibility is hard to find when power is this tight.
And in the United States, closer to the epicenter of the AI boom, Bitzero has acquired a different kind of unique asset in North Dakota.
The former Nekoma Pyramid is a decommissioned anti-ballistic missile defense complex with military-grade security.
While this sounds like an unusual option for an AI data center, the military-grade security actually makes it ideal for housing sensitive computing infrastructure.
Combined, that means Bitzero controls over 1 GW of potential capacity, enough to power roughly 750,000 homes, or match the output of a nuclear power plant.
For context, Microsoft's planned Three Mile Island restart will deliver only 835 megawatts.
But as Microsoft waits until 2028 for Three Mile Island's nuclear restart and Google targets 2030 for its first Kairos Power reactor, Bitzero acquired the assets when power was available.Cash Flow While Others Wait
While companies are committing billions to build data centers that won't generate revenue for years, Bitzero (NASDAQ:AIBZ) is already cash flow positive from its operations mining Bitcoin — helping to fund the larger data center buildout the company has planned for next year.
That’s because Bitzero's cost to mine one Bitcoin allows them to take advantage of Bitcoin’s upside while cutting their downside risk.
Their all-in breakeven currently sits at around $50,000 per Bitcoin, which is dramatically lower than the industry average of $75,000 to $82,000
That means while many of their competitors are not even breaking even mining Bitcoin at today’s prices, Bitzero continues to mine profitably in part because of their access to cheap power.
That cost advantage also comes as a result of how efficiently Bitzero operates.
Other data centers may require 20 workers to run a 40 MW facility. Bitzero, on the other hand, has only 4-5 people operating their Norway site.
That difference helps explain why when the April 2024 Bitcoin halving cut mining rewards in half, competitors collapsed or pivoted to survive while Bitzero thrived.
That's the kind of advantage that attracts smart money.
But while they’ve used that advantage of cheap electricity to mine Bitcoin profitably, the real opportunity isn't just Bitcoin mining.
It's what Bitzero is now positioned to do with all that power as the AI buildout continues, with the company’s first major long-term tenant already in place.
Smart Money Sees the Moat
That potential caught the attention of one of the most vocal investors in the power-for-AI space.
Kevin O'Leary is a strategic investor and partner in Bitzero.
The Shark Tank veteran and longtime power infrastructure investor has been vocal about the company's positioning.
"There's a lot going on here because you've got two competing forces. You've got the Bitcoin miners with insatiable demand, and you've also got massive demand for AI data centers. These two are going to be fighting for power contracts," O'Leary predicts.
And Bitzero controls power both markets desperately need. "It's really a power company," says the Shark Tank investor and strategic Bitzero partner.
In a market where power is the biggest bottleneck, Bitzero has already secured the most valuable asset AI companies are scrambling to get their hands on – cheap power.
Because of the problems with today’s power grid, Bitzero's advantage carries a unique advantage even when green energy has faced more headwinds of late.
There's a reason O'Leary is skeptical of most green energy claims in crypto. "A lot of miners claim that they're green, but they do that through purchasing carbon credits. Most of it is complete BS.”
“In the case of what Bitzero (NASDAQ:AIBZ) is doing - hydroelectric in Norway, nuclear in Finland - you know where it came from," he says.
As AI's power demands push the crisis to new heights, that execution matters more than ever. Bitzero's team has already proven they can disrupt the competitive Bitcoin mining market.
Leading Bitzero is CEO Mohammed Bakhashwain, a serial entrepreneur with large-scale infrastructure and real estate experience.
That experience has been particularly useful as Bitzero has targeted prime locations for these data centers where they can add new power to these mega booms.
Under Bakhashwain's leadership, Bitzero quadrupled its hash rate in 24 months while maintaining $50,000 mining costs and 100% sustainable energy, which is practically unheard of.
Now, O'Leary sees the infrastructure advantage and what Bitzero has already been able to do within the Bitcoin mining market.
And Bitzero's unique positioning to jump into the booming AI data center market creates remarkable upside.
The 2-3 Year Advantage
AI demand is exploding, but the infrastructure can't keep up.
Tech giants are scrambling to build new data centers, only to hit walls they didn't see coming.
In September 2025, Google pulled its proposal for a $1 billion data center in Indianapolis just minutes before a city council vote.
That came as residents packed the chambers, raising concerns about grid strain, water consumption, and rising electricity costs for neighbors.
Across the country, data center projects face similar pushback in urban and suburban areas.
Community opposition, permitting delays, and grid capacity limits are slowing the AI buildout when urgency has never been higher.
Bitzero doesn't have those problems.
Their sites are already permitted and operational in rural Norway, Finland, and North Dakota. Places where power infrastructure exists,and grid capacity was secured years ago.
But here's what's coming next.
Finland's site is moving from 10 megawatts available today toward full buildout with 1 GW potential capacity.
That's enough capacity to host multiple hyperscalers simultaneously while Bitzero continues generating Bitcoin revenue from the same infrastructure.
And the timing couldn't be better.
Bitcoin is receiving institutional support while Microsoft, Google, and Amazon won't bring nuclear capacity online until 2028 at the earliest.
AI companies are desperate for infrastructure. Data center operators with power secured are in the driver's seat. And Bitzero controls more capacity than most pure-play providers while already generating revenue from Bitcoin mining.
The scramble for reliable electricity has also begun reshaping the broader energy investment landscape. Investors are increasingly looking beyond semiconductor manufacturers and AI software companies toward the businesses that will ultimately supply the power these massive computing campuses require. Pipeline operator Williams Companies (NYSE: WMB) is widely viewed as a key beneficiary as rising electricity demand boosts the need for natural gas-fired generation.
Utility giant NextEra Energy (NYSE: NEE) continues investing heavily in generation, transmission and grid infrastructure to accommodate growing power demand, while independent power producer NRG Energy (NYSE: NRG) has attracted increasing attention for its diverse generation portfolio and exposure to large commercial electricity users, including data centers. Together, they highlight a growing realization across Wall Street that the AI boom is becoming as much an energy infrastructure story as it is a technology story.
But Bitzero is expected to raise their profit margins even more with their recent announcement for their first major deal with a long-term tenant.
The company just signed a binding letter for a 15-year lease for the full 110 megawatts at its Norway site with AI cloud provider OneQode.
While competitors trying to bring that kind of capacity online are quoting buildouts of three to five years, first deployment for the Norway site is expected by early 2027.
Power Secured, Competition Waiting
The White House has already warned we need $1.4 trillion in infrastructure investment by 2030 to support the AI and crypto booms.
But O'Leary's assessment is even more blunt: "There is no power on the grid anymore."
While Microsoft waits until 2028 for nuclear and Google targets 2030, Bitzero is operational today.
They secured assets with over 1 gigawatt of capacity across Norway, Finland, and North Dakota. They're a licensed grid operator with direct power access.
They mine Bitcoin profitably at roughly $50,000 per coin while competitors struggle at $75,000-plus. And they have gigawatt-scale expansion capacity in development across Finland and North Dakota, in addition to their planned lease with OneQode for their Norway site.
Bitzero appeared to secure nearly every advantage before the crisis hit. The power infrastructure, the regulatory approvals, and the operational track record. Which is why Kevin O'Leary saw it early enough to become a strategic partner.
Now, with Kevin O’Leary as strategic partner, the timing is converging for two major tech booms. The Bitcoin bull market is meeting the AI infrastructure crisis while tech giants wait years for nuclear plants that may never get community approval.
While the markets are still valuing Bitzero like a Bitcoin mining company, on average, every 100 MW of contracted AI data center capacity equates to $2-3 billion in market cap.
With 110 MW now under contract in a deal worth up to $2.6 billion, that’s great news for a rising company with far more capacity to be developed across Europe and North America.
In the fight for power between AI and Bitcoin, the hidden winner may be the company that serves both and already controls the electricity to do it.
With 1 gigawatt of capacity and power 70% cheaper than market rates, all locked in before the crisis, Bitzero may have quietly built one of the most valuable positions in the AI era.
By. Charles Kennedy
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