For most of modern history, oil was the world’s most valuable resource.
It powered industrial growth, decided wars, reshaped geopolitics, and created the largest corporations in history.
Then oil lost its crown.
Data replaced it as the world’s dominant asset.
The companies that learned to collect, process, and monetize information - Apple, Google, Amazon, Microsoft - became the most valuable enterprises the world had ever seen.
But that era is now over.
Data has become abundant, and the world’s most powerful companies are now racing to secure one thing, and one thing only: electricity.
In the AI age, the true bottleneck is no longer information or algorithms; it is access to reliable, scalable power.
And that’s great news for companies like Bitzero (NASDAQ: AIBZ), that are sitting on cost effective, abundant, sustainable electricity that’s available right now.
Securing the World’s Most Critical Resource
So just how scarce is this power?
Well, utilities are currently quoting two- to four-year wait times just to complete feasibility studies.
And that is before even considering the permissions required.
Google was so desperate to secure its own power source that it set aside $1 billion to build a data center in Indiana.
But then the company had to reverse course for fear the local planning commission would veto the project.
Meanwhile, according to Goldman Sachs research, global data center power demand could rise by 165% by the end of the decade compared to 2023 levels.
That means the only place to find the power critical to the AI boom is data centers that have already secured long-term power projects, or better yet, have their own infrastructure.
This is where Bitzero comes in, having already established itself in regions where power is abundant, underutilized, and structurally advantaged.
It has power in hydro-rich Norway, nuclear-backed Finland, and grid-secured rural North Dakota. Combined, that is more than a gigawatt of potential clean power capacity tied directly to its own infrastructure.
That power is not theoretical. Most of it is already permitted, connected, or under construction.
And crucially, it is power that does not depend on short-term market pricing or fragile utility negotiations.
How Bitzero Struck Gold
So how did Bitzero beat the market?
Long before AI forced this reckoning, Bitcoin exposed the physical limits of the digital economy.
Bitcoin’s proof-of-work system is unforgiving. Every unit of output is tied directly to electricity consumption, with the network consuming an estimated 175 terawatt-hours per year in 2025.
Today, producing a single Bitcoin requires hundreds of megawatt-hours of energy.
That reality forced smart miners to secure their own power.
Miners that relied on retail electricity or temporary discounts were priced out.
Those that controlled long-term, low-cost power survived - and scaled.
Bitcoin became a stress test for the grid, revealing which operators truly owned their energy inputs and which merely rented them.
The same situation is now playing out in the world’s most important industries, and the payoff stands to be significantly bigger.
AI, cloud computing, and high-performance data centers operate on the same physical laws as Bitcoin.
No amount of software innovation can bypass the need for electricity.
And as demand surges, everybody wants what Bitzero has - and they are doing everything in their power to get it.
To support the rapid expansion of AWS' AI infrastructure, Amazon (NASDAQ: AMZN) signed a long-term agreement with Talen Energy for up to 1,920 megawatts of carbon-free nuclear power, one of the largest corporate electricity deals ever announced. As power becomes the key bottleneck for AI, tech companies are desperate to control it at the source.
In fact, in May 2026, OneQode Networks was so eager to secure power that they signed a binding letter for a 15-year lease covering the full 110-megawatt capacity of Bitzero’s Norway campus.
The agreement could generate roughly $2.6 billion in contracted revenue over its lifetime and represents exactly the kind of AI infrastructure demand that Bitzero is uniquely positioned to deal with.
The Perfect Power Play
While competitors line up for grid approvals, Bitzero (NASDAQ: AIBZ) owns its high-voltage lines, its substations, and its direct connections to power plants.
No utilities. No bottlenecks. No competition for capacity.
When Bitzero expands, it doesn’t ask permission - it executes.
But more impressive still, the company’s all-in electricity cost lands around 3.5¢ per kWh - among the lowest on Earth.
In total, the company controls over 1 gigawatt of growth capacity across four locations: two hydro-powered campuses in Norway, a massive renewable site in Finland designed for AI hyperscalers, and a nuclear-hardened, EMP-proof facility in North Dakota.
While others wait on permits, Bitzero is ready to deploy.
And as Bitzero seeks more AI companies to partner with, the money is already rolling in via its Bitcoin mining operations.
Bitzero mines Bitcoin for roughly $50,000 per coin - far above the industry average, which is closer to $100,000.
When Bitcoin trades at $80,000, most miners struggle. Bitzero still makes money, generating about $1 million in monthly EBITDA from its existing 40-MW Norway site.
Scale is only going to make that advantage larger.
But, as the recent OneQode Networks deal shows, this is a company that can mine Bitcoin today and will host AI tomorrow. It can shift capacity to wherever returns are highest.
Meanwhile, companies like Microsoft (NASDAQ: MSFT) are already struggling to secure enough electricity to fully utilize their growing fleets of AI GPUs. In fact, the power challenge has become so acute that Microsoft signed a 20-year agreement with Constellation Energy to enable the restart of Pennsylvania's Three Mile Island Unit 1 nuclear plant, securing 835 megawatts of carbon-free power for its expanding AI infrastructure.
Importantly, while Bitcoin mining revenue fluctuates with crypto prices and network difficulty, AI infrastructure agreements like this one resemble the utility-style cash flows that public markets love.
It isn’t surprising then that Shark Tank veteran Kevin O’Leary jumped in to become a strategic investor in Bitzero.
For O’Leary, the investment is a no-brainer. The way he sees it, both AI data centers and bitcoin miners are going to be “fighting for power contracts”. That means companies like Bitzero will end up acting as power companies, providing this critical resource to those who need it most.
The market is already recognizing the value of this model. Constellation Energy (NASDAQ: CEG) has emerged as one of the biggest winners of the AI infrastructure boom after signing long-term agreements to supply nuclear power to hyperscale data centers. It then doubled down on the model by completing its $26.6 billion acquisition of Calpine, creating the largest power producer in the United States with roughly 55 gigawatts of generating capacity. It's the companies that control dependable electricity that are most in demand.
And as if access to power wasn’t enough, Bitzero also manages to produce its power from 100% sustainable energy.
For O’Leary, this was a point of difference in an industry where “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 is doing - hydroelectric in Norway, nuclear in Finland - you know where it came from," he says.
This is a company that has long been treating electricity as a product rather than a cost. They moved first, they secured their assets, and now they are exactly where everybody wants to be.
By. Josh Owens
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