Originally published by PANews on November 10, 2026, at 08:20:44 (UTC+8), citing Crypto Briefing.
Restrictions on new data center construction following the U.S. midterm elections could increase the value of existing Bitcoin mining infrastructure, according to Benoît Pellevoizin, CoinShares’ managing director for France. However, he said companies with paying AI tenants would benefit most.
Existing power access could become more valuable
Pellevoizin pointed to growing public resistance to new facilities over electricity prices, water consumption and the influence of large technology companies. Existing mining sites face fewer obstacles because they already hold power contracts and grid connections, he said.
According to CoinShares data cited in the report, grid-connection delays for many projects have exceeded five years, with the average in the PJM region exceeding seven years.
Paying tenants distinguish the valuations
The report put valuations for fully leased AI data centers at approximately $27 million per megawatt, compared with less than $3 million per megawatt for some publicly listed mining companies holding energized but unleased capacity.
That comparison concerns infrastructure valuations, not growth in Bitcoin users or network activity. It also contrasts different leasing conditions: existing power access may be valuable, but Pellevoizin’s assessment places the largest potential benefit with operators that already have paying AI tenants. The reported figures do not establish that unleased mining capacity will achieve the same valuations as fully leased AI facilities.
