# AI Outbids Bitcoin Miners for Power

AI data centers keep winning long-term power contracts from utilities that previously sold surplus energy to bitcoin miners, forcing hashrate to relocate and making compute a resource that states allocate deliberately.

- Conviction: 40 / 100 (forming)
- Horizon: Emerging (watchlist)
- Tracking since: 2026-11-14T00:00:00.000Z
- Last updated: 2026-11-14T14:08:09.786Z
- Canonical: https://polylog.news/crypto/trends/ai-outbids-miners-for-power
- Publisher: Polylog

## Recent evidence

- [confirms] Paraguay's State Utility Says Bitcoin Miners' Cheap Power Contracts End in 2027 as It Signs a 15-Year AI Deal (2026-11-14): Paraguay's state utility ANDE called the December 31, 2027 expiry of miners' $44/MWh contracts final as it signed a 15-year AI power deal. Those contracts cover about 4% of global bitcoin mining and pay ANDE roughly $350 million a year. A state is deliberately moving cheap hydropower from hashrate to AI compute.