Recently, U.S. high-level officials have made their stance on the AI industry very clear—AI companies must solve the power shortage themselves and should not expect to pass the costs onto ordinary households. Microsoft, as a key participant named in the discussion, subsequently released an interesting report.

The report highlights the core issue: the U.S. power grid has long been overstressed and has been operating under long-term overload conditions. Even more concerning is that global transformer capacity is facing a serious shortfall. What does this mean? It indicates that energy infrastructure has become the real bottleneck for AI expansion.

From an industry chain perspective, opportunities are emerging. In the ultra-high voltage transformer sector, domestic companies have already established a monopoly advantage, leading in both technological accumulation and production capacity. As the global AI computing power race drives up energy demand, this strategic segment of the industrial chain becomes a scarce resource. The crypto market has always been sensitive to such macro trends, as energy costs directly impact mining economics.