Yes but it’s important to look at why that’s a cheap source now. It’s largely due to failing policy/ subsidies/ onerous regulations on other sources.

On a long arc I think miners will consolidate around the most energy dense/ reliable sources of energy.

Energy density and reliability of supply are not taken into account right now as much as they will be because of the bad incentives caused by subsidy and demand response programs.

Once those have been saturated and miners have to chase the build out of non subsidized energy the real cost of the intermittent supply that wind and solar provide will have to be accounted for when miners are figuring out what energy supply they want to use.