Not Even Musk Has The Answer To AI’s Power Shortage
ADNOC, Eni Acquire Stakes In Gas Blocks Linked To Argentina’s LNG Project The White House issued a starkwarningin 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 toAxios, 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'Learyput it: "There is no power on the grid anymore." Which is why in Virginia, data centers nowface7-year waits for grid connections.
And while Microsoft, Google, and Amazon are all betting on nuclear power, those reactorslikelywon'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, whocallsthe 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.
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 firstbeforebuilding 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.
That gives Bitzero 110 immediate megawatts of capacity at the site with cheap power secured, and room to expand further to approximately 300 mw.
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