According to @AnthropicAI, the company will build its own AI infrastructure by constructing data centers in Texas and New York, representing a $50 billion U.S. investment expected to create thousands of American jobs. Source: Anthropic newsroom; @AnthropicAI on X. Texas is a leading U.S. hub for Bitcoin (BTC) mining and has experienced periodic grid curtailments during peak demand, highlighting miners’ exposure to electricity costs. Source: Reuters; ERCOT. New York enacted a two-year moratorium on new fossil-fueled proof-of-work mining in 2022, making local energy policy a key operational factor for crypto miners. Source: Reuters. The announced build adds confirmed large-scale data center demand to regions already flagged for rising electricity loads by the IEA, while BTC mining economics remain heavily driven by power prices per the Cambridge Bitcoin Electricity Consumption Index. Source: IEA Electricity 2024; Cambridge CCAF.

According to @KobeissiLetter, Bloomberg reports that NextEra Energy NEE plans to restart a 615-megawatt nuclear plant in Iowa primarily to supply Google data centers, the unit has been shut since 2020, and power deliveries are targeted by 2029, source Bloomberg via The Kobeissi Letter on X on Oct 27, 2025 at x.com/KobeissiLetter/status/1982800274130387288. According to @KobeissiLetter, NEE shares rose sharply on the report, indicating investor focus on nuclear and utility exposure to AI-driven baseload demand, source The Kobeissi Letter on X on Oct 27, 2025 at x.com/KobeissiLetter/status/1982800274130387288. According to @KobeissiLetter and corroborating industry disclosures, for crypto markets the key read-through is that electricity is the largest operating cost for Bitcoin miners and long-term data center power procurement is material to mining margins and hash rate sensitivity, source Marathon Digital Holdings FY2023 Form 10-K and Riot Platforms FY2023 Form 10-K. According to @KobeissiLetter, trading implications include monitoring NEE and other nuclear-exposed utilities for AI power contracts and tracking listed Bitcoin miners whose profitability hinges on power prices and availability, source Bloomberg via The Kobeissi Letter on X for the NEE-Google development and Marathon Digital Holdings and Riot Platforms FY2023 Form 10-Ks for miner cost structures.

According to @StockMKTNewz, CNBC reported that OpenAI said the United States must substantially ramp up new energy capacity to stay ahead of China in the race to develop AI, calling electricity a strategic asset critical to AI infrastructure (source: @StockMKTNewz tweet citing CNBC and OpenAI). This elevates electricity supply, grid build-out, and generation mix as immediate focal points for capital allocation and policy risk in AI-related equities, including utilities, data center infrastructure, and high-performance compute supply chains (source: CNBC via @StockMKTNewz). For crypto markets, power constraints and pricing directly affect Bitcoin miners’ operating capacity and margins, as U.S. grid operators like ERCOT have documented large flexible load growth from data centers and crypto mining, underscoring competition for power access (source: ERCOT LFL interconnection disclosures; CNBC via @StockMKTNewz). Traders may monitor U.S. utility and transmission capex guidance, data center power procurement, and BTC miners’ long-term power purchase agreements and curtailment arrangements as leading indicators of cost and capacity (source: CNBC via @StockMKTNewz; ERCOT LFL disclosures).

According to @PelosiTracker_, Rep. Rick Larsen disclosed a buy of American Electric Power (AEP) dated Oct 6 during the government shutdown, noting AEP is a multi-state power transmission and distribution utility and that Larsen serves on the House Transportation and Infrastructure Committee overseeing energy infrastructure laws and funding, source: @PelosiTracker_. For traders, utilities policy is directly relevant to crypto because electricity is a primary operating cost for Bitcoin miners (BTC), linking utility rate dynamics to mining economics, source: Cambridge Centre for Alternative Finance.

According to @DowdEdward, companies leasing assets on a 3-year depreciation schedule are aiming to keep revenue momentum, which he says indicates the AI capex cycle is in its late innings, making revenue quality and financing structures key trading variables. Source: https://twitter.com/DowdEdward/status/1971983286554841314 Under US GAAP ASC 842, shifting from upfront equipment sales to 3-year leases recognizes income over the lease term and can smooth reported revenue while changing cash flow timing, a pattern traders monitor in late-cycle hardware markets. Source: FASB ASC 842 Major hyperscalers have recently increased server useful lives to 5–6 years, so a 3-year depreciation horizon is comparatively short and would front-load expense recognition versus peers, a useful benchmark for equity screening. Source: Amazon.com, Inc. 2023 Form 10-K; Microsoft Corporation 2023 Form 10-K; Alphabet Inc. 2023 Form 10-K For crypto markets, the state of AI capex can influence power and data center availability for Bitcoin miners, as US miners have signed AI/HPC hosting deals that tie mining infrastructure to AI compute demand. Source: Core Scientific company announcements 2024; Hut 8 Corp. investor materials 2024 Traders should track disclosures on lease mix versus capex in AI hardware vendors and data center operators, and watch any changes in hosting rates and capacity allocations that could affect BTC mining economics. Source: Edward Dowd on X; FASB ASC 842; public company filings cited above

According to @stocktalkweekly, Jefferies initiated Entergy (NYSE: ETR) at Buy with a $109 price target, calling it the clearest regulated beneficiary of hyperscaler demand and the best-positioned AI load play in U.S. utilities (source: Jefferies initiation note as relayed by @stocktalkweekly on X, Sep 4, 2025). Jefferies projects 11–15% EPS CAGR from 2024 to 2030 and estimates ETR’s earnings will run 7–11% above Street in 2028 and beyond, outpacing every utility peer on growth, which forms the core of the upside case for the stock (source: Jefferies initiation note as relayed by @stocktalkweekly on X, Sep 4, 2025). For traders, the thesis hinges on sustained AI and data center load growth driving regulated rate base expansion and EPS outperformance versus the utility sector, with ETR identified as the most levered regulated name to that trend by Jefferies (source: Jefferies initiation note as relayed by @stocktalkweekly on X, Sep 4, 2025). The AI-driven power demand backdrop is corroborated by U.S. EIA analysis showing rising data center electricity load in the South, a region overlapping ETR’s footprint, reinforcing the structural demand case for utilities exposed to hyperscalers (source: U.S. Energy Information Administration, “Some U.S. states see growing data center electricity demand,” May 2024). For crypto markets, ERCOT has documented accelerating large flexible loads from data centers and crypto mining that affect system planning and pricing dynamics, implying potential pressure on power availability and costs for Bitcoin (BTC) miners as AI data center load scales, which can influence mining margins and hash rate economics (source: ERCOT Long-Term System Assessment 2024 and related planning materials).