What is an existing grid connection worth if building a new data center becomes harder? In a report published on November 10, 2026, PANews cited Crypto Briefing’s account of CoinShares France managing director Benoît Pellevoizin’s view: restrictions on new data-center construction after the US midterm elections could increase the value of existing Bitcoin mining infrastructure. He said companies with paying AI tenants would benefit most.
Pellevoizin pointed to public concerns about electricity prices, water use and the influence of large technology companies as sources of resistance to new facilities. Existing mining sites face fewer obstacles, he said, because they already have power contracts and grid connections. CoinShares data cited in the report showed grid-connection delays exceeding five years for many projects, with the average in the PJM region exceeding seven years.
The valuation gap is substantial, but the assets are not equivalent: fully leased AI data centers were valued at about $27 million per megawatt, while some publicly traded miners holding energized but unleased capacity were valued at less than $3 million per megawatt. Those figures describe valuations—not construction costs, operating costs or a forecast of an individual miner’s returns.
Source: panewslab.com (originally published 2026-11-10 08:20 UTC+8)
