Nvidia(US:NVDA) Benzingaยท2025-10-03 12:31Core Insights - Renowned investor Kevin O'Leary highlighted the competition for electricity between AI data centers and Bitcoin mining in North America [1][2] - O'Leary noted that the U.S. power grid is facing challenges due to the high demand from AI data centers, which could lead to increased local power rates [2] - The Electric Power Research Institute projects that U.S. data center electricity consumption could reach up to 9% of total electricity generation by 2030, more than double its current consumption [3] Industry Trends - Analysts estimate that by the end of 2027, 20% of Bitcoin miner power capacity will shift to AI and high-performance computing [4] - Several Bitcoin miners are reallocating energy resources to support AI data centers, repurposing existing power infrastructure, and leasing capacity to AI firms [4] - CoreWeave Inc., originally an Ethereum mining company, has transitioned to AI cloud services, forming partnerships with Nvidia and OpenAI [4] Market Performance - Bitcoin (BTC) was trading at $120,330.57, reflecting a 1.16% increase in the last 24 hours [5] - The Global X Data Center & Digital Infrastructure ETF (DTCR) closed up 1.44% at $21.12, with a year-to-date surge of 27% [5] - The Grayscale Bitcoin Miners ETF (MNRS) increased by 3.39% to $42.89, showing a year-to-date rise of 60% [6]