Restrictions on new U.S. data centers following the midterm elections could increase the value of existing Bitcoin mining infrastructure, according to Benoît Pellevoizin, managing director of CoinShares France. Companies with paying AI tenants would stand to benefit most, he said.
PANews reported the comments on November 10, 2026, at 08:20:44 UTC+8, citing Crypto Briefing.
Existing power access could offer an advantage
Pellevoizin said concerns about electricity prices, water consumption and the influence of large technology companies were increasing public opposition to new facilities. Existing mining sites face fewer obstacles because they already hold power contracts and grid connections.
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.
Paying AI tenants remain a key distinction
The report put the valuation of fully leased AI data centers at roughly $27 million per megawatt. By comparison, some publicly listed miners with energized but unleased capacity were valued at less than $3 million per megawatt.
Pellevoizin’s assessment was conditional: restrictions could make existing mining infrastructure more valuable, but companies with paying AI tenants were positioned to benefit most.