Hut 8 Mining p(US:HUT) CNBC Television·2025-11-03 20:36AI Power Demand & Supply Gap - The AI industry is facing a power shortage of approximately 49 gigawatts to realize its potential [1] - 1 gigawatt can power roughly 750,000 American homes, the shortage equates to the power consumption of 40 million homes [1] - The shortage is equivalent to powering three times all the homes in Texas [2] - New opportunities are emerging to provide power more quickly than traditional grid approaches [3] Alternative Power Solutions - Natural gas turbines and fuel cells are potential solutions [4] - Repurposing Bitcoin mining sites as hosting HPC (High-Performance Computing) data centers is another solution [4] - Repurposing Bitcoin sites as data center hosts could provide economic arbitrage opportunities [4][7] Bitcoin to AI Conversion - Bitcoin companies can repurpose their sites as data center hosts [7] - Bitcoin companies that have converted are trading at $7-9 per watt, compared to 50 cents to $2 per watt previously [8] - Bitcoin companies signaling conversion discussions are trading between $1 and $3 per watt [8] - Hut is identified as the cheapest with great opportunity due to power acquisition and data center expertise [9][10] - Riot is laying the foundation to convert their sites and has two of the best sites in the United States for conversions [10][11]