In a race for dominance in the artificial intelligence (AI) and cloud computing sectors, U.S. tech giants, including Amazon.com Inc. (NASDAQ:AMZN) and Microsoft Corp. (NASDAQ:MSFT), are competing for energy resources traditionally held by Bitcoin (CRYPTO: BTC) miners. What Happened: The rapid growth of AI and cloud computing data centers has led to an unprecedented surge in power demand, outpacing grid expansions and causing a scramble for electricity. This has significantly impacted the energy-intensive cryptocurrency mining industry, Reuters reported on Wednesday. Why It Matters: Greg Beard,…
