[Analysis: Not All Bitcoin Mining Companies Can Transition to AI, Power Resources Become Core Competitiveness] According to News.Bitcoin, at the inaugural Energy Investment Forum (EIF) held in Dallas, USA, attendees stated that the AI wave is essentially driving a large-scale energy infrastructure buildout, rather than merely a software competition. Bitcoin mining companies, with years of experience in sourcing low-cost electricity, building modular computing facilities, and participating in grid regulation, hold certain advantages in the expansion of AI data centers. However, possessing power resources does not automatically equate to having the conditions necessary to build AI data centers.