Mrinalika RoyAugust 28, 202411:27 AM EDTUpdated 2 hours ago Aug 28 – U.S. technology companies are pursuing energy assets held by bitcoin miners as they race to secure a shrinking supply of electricity for their rapidly expanding artificial intelligence and cloud computing data centers. Those data centers are driving the fastest U.S. power demand growth since the start of the millennium, outpacing grid expansions and leaving giant technology companies, like Amazon (AMZN.O) and Microsoft (MSFT.O), to scavenge for vast amounts of electricity. Advertisement · Scroll to continue The electricity scramble is jolting the energy-intensive cryptocurrency mining industry. Some miners are making huge profits leasing or selling their power-connected infrastructure … Continue reading AI’s race for US energy butts up against bitcoin mining