President Trump, along with several governors from Northeastern states, has urged the United States' largest grid operator, PJM, to hold an emergency power auction. The plan will allow tech companies to bid for 15-year contracts to fund approximately $15 billion in new power plant construction, aiming to curb the rising electricity costs caused by the surge in demand from artificial intelligence data centers. This move could indirectly benefit Bitcoin miners by lowering electricity prices, but due to the long contract durations, the price reduction effects will be gradual.
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President Trump, along with several governors from Northeastern states, has urged the United States' largest grid operator, PJM, to hold an emergency power auction. The plan will allow tech companies to bid for 15-year contracts to fund approximately $15 billion in new power plant construction, aiming to curb the rising electricity costs caused by the surge in demand from artificial intelligence data centers. This move could indirectly benefit Bitcoin miners by lowering electricity prices, but due to the long contract durations, the price reduction effects will be gradual.