PJM Capacity Market Costs Hit Record Highs. According to the latest data, the capacity costs in the Mid-Atlantic PJM Interconnection, the primary electricity market in the United States, have surged to $333.44/megawatt-day, the highest level on record.

The reasons behind this cost surge are worth noting. As demand for data centers, AI computing centers, and crypto asset mining skyrockets, the demand for electricity supply continues to rise. Meanwhile, factors such as the retirement of traditional energy capacity and seasonal fluctuations in renewable energy have intensified supply pressures. The increase in capacity costs directly reflects the electricity market's pricing for sufficient power reserves.

For energy-intensive industries—especially Bitcoin mining, GPU computing, and other blockchain infrastructure operators—this means operating costs will further increase. Electricity costs typically account for 60-70% of total mining expenses, so any significant changes in the electricity market can substantially impact profit margins. This also drives miners to seek regions with lower electricity costs (such as areas with abundant hydropower).