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For the past two years, the conversation around AI infrastructure has focused on chips, models, and capital. In practice, that isn’t what’s slowing projects down. What matters is electricity–where it comes from, how much is available, and whether it’s already committed.

A lot of proposed data center capacity looks good on paper, but only a fraction of it can actually be built on schedule. Grid access takes time. Permits take time. Locking in long-term power pricing takes time, and most projects are only starting that process now.

James Stafford, CEO of Oilprice.com, spoke with Mohammed, CEO of Bitzero (BITZ-U.CN; OTC: BTZRF), about how power availability is shaping decisions across Bitcoin mining, data centers, and AI infrastructure. Bitzero controls more than one gigawatt of low-cost power across Europe and North America, alongside land, permits, and grid access secured well ahead of the current cycle.

In a market where power is the limiting factor, Bitzero is already operating at scale with the ability to redirect power as demand changes.

Oilprice.com: Let's start off with a prediction. Where do you see Bitcoin going in 2026?

Mohammed Bakhashwain: It’s hard to say as we are in a different cycle due to the new wave of adoption and institutional interest in BTC as an asset, but we remain bullish. In the case of Bitzero, our competitive operational assets, combined with our miner-acquisition strategy, make us somewhat agnostic to BTC's price.

Our all-in breakeven is around $50,000 USD per Bitcoin and is among the lowest in the industry. This advantage comes from maintaining very low energy costs as we are paying 3–4 cents per kWh, which is much cheaper than the US-wide average which sits around 12 cents per kWh. So we are very profitable even with Bitcoin at current levels. As for where the price is going, I believe what happens with the Clarity Act will be very important to any price movement. So investors should be closely following any updates there.

OP: To sustain those margins, you need scale. How many mining rigs are you currently operating, and how many megawatts of power are you using?

Mohammed: We have purchased roughly 16,500 mining rigs, optimized across 40 MW of energized compute power. We’re currently expanding our Norway site to accommodate an additional 70 MW.