The AI chip boom is driving the upgrade of energy infrastructure. The Trump administration要求AI巨头自行解决电力难题，不能让普通居民为此买单，这个硬性要求把问题推到了产业面前。Microsoft率先发布了一份引人注目的报告——The US power grid has been operating under long-term overload conditions, and transformer supply worldwide is extremely tight. This is not a minor issue. High-end transformer capacity is concentrated in a few companies, and global shortages have become a reality. The energy bottleneck is becoming an invisible ceiling for AI industry expansion. For the entire Web3 ecosystem, as AI companies compete for power resources, the operational costs of mining and DeFi are also under pressure. This energy competition will ultimately impact the overall landscape of the digital economy.