This article first appeared in Miner Weekly, a weekly newsletter by BlocksBridge Consulting, curating the latest news in energy, bitcoin, and AI compute from The Energy Mag. Subscribe to receive it in your inbox once a week. Bitcoin miners no longer needed to talk only about hashprice, fleet efficiency or the next difficulty adjustment. They could talk about campuses, lease terms, hyperscalers, neoclouds, inference workloads and “critical IT load.” The same substations that once fed racks of ASICs were reintroduced to investors as scarce energy gateways into the artificial intelligence boom. In a power-constrained market, that story worked. It worked …