Original report published by PANews on November 10, 2026, at 08:20:44 (UTC+8), citing Crypto Briefing.
Restrictions on new U.S. data-center construction following the midterm elections could make existing Bitcoin mining infrastructure more valuable, according to Benoît Pellevoizin, CoinShares’ managing director in France. But he said companies with paying AI tenants would benefit most.
Existing power access is the proposed advantage
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 now exceed five years, with the average in the PJM region exceeding seven years.
The valuation gap comes with a qualification
The report put valuations for fully leased AI data centers at approximately $27 million per megawatt. Some publicly listed mining companies holding energized but unleased capacity were valued at less than $3 million per megawatt.
Those figures describe assets with different leasing status—not an established path for miners to achieve AI data-center valuations. Pellevoizin’s qualification is central to the thesis: existing electricity access may become more valuable if construction restrictions tighten, but the largest benefits would go to companies that also have paying AI tenants.