A tightening U.S. power grid is driving bitcoin (BTC) miners and AI developers into closer alignment, according to Wall Street broker Bernstein.

Soaring demand from AI and digital workloads has made grid access one of the biggest constraints on new data center growth, with interconnection timelines stretching to seven years in some regions, the broker said in a report on Friday.

Miners, who secured large renewable power contracts years ago, now control more than 14 gigawatts (GW) of capacity and offer AI providers a shortcut to scale, analysts led by Gautam Chhugani wrote.

Sites owned by IREN (IREN) and Riot Platforms (RIOT) can cut deployment time by up to 75% compared with greenfield projects, the analysts wrote.

The sector is riding broader momentum. Bloomberg reported that Microsof

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