Power method is not matrix-matrix multiplication (which is not N^3, BTW [1]), but rather matrix-vector multiplication. So the power method is N^2*k where k is the number of iterations required to reach precision (usually polylogarithmic).
All this being said, scalability is _obviously_ a non-issue when talking about a matrix of programming languages. All methods are constant time.
[1]: https://en.wikipedia.org/wiki/Matrix_multiplication_algorith... Interesting tidbit: nobody can even prove it's not N^2 :)