The Invisible Energy Crisis Threatening to Derail the AI Boom
and Iran Sign Ceasefire Agreement Every AI boom forecast being published right now — every bull case, Big Tech earnings call, and valuation model — seems to be making the same assumption.
The electricity will be there to power it when they need it.
Bitzero (NASDAQ: AIBZ) spent the last four years betting against that assumption.
The company locked in more than a gigawatt of low-cost power across Norway, Finland, and North Dakota, well before the rest of the industry started fighting over every available megawatt.
The company is already cash flow positive, with operational sites and grid connections secured — while the hyperscalers spending hundreds of billions are still years away from the electricity to power theirs.
And they just announced a binding letter with their first contemplated major long-term tenant, in a deal worth up to $2.6 billion.
This comes at a time when the scale of money flowing into AI is reaching dizzying heights.
The five largest cloud and AI infrastructure providers — Microsoft, Alphabet, Amazon, Meta, and Oracle — have committed to spending between $660 billion and $690 billionin 2026 alone.
That’s more than theentire defense budgetof every country except the United States.
Roughly three-quarters of it is going specifically toward AI infrastructure.
Amazon’s spending alone — projected at $200 billion — is so aggressive it’s expected to push the company intonegative free cash flow for the year.
But with all that spending going into the AI buildout, there’s one question many don’t appear to be asking: where is all of that electricity actually going to come from? With the data center buildout for AI in full swing, unfortunately, the infrastructure to support it is struggling to keep pace.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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