The four largest data center operators in the world – Amazon, Microsoft, Alphabet, and Meta – have committed to spending nearly $2.4 trillion in the coming years. S&P Global estimates that data center capacity will need to expand by 55 to 60 gigawatts, with associated spending in the $1.8 trillion to $2.4 trillion range through 2030. These four hyperscalers expect to deploy approximately $1.5 trillion between 2026 and 2027, with Goldman Sachs projecting total spending could reach $5.3 trillion by the end of the decade. This massive energy demand, equivalent to 55 to 60 nuclear reactors, is already straining power grids in key markets like Northern Virginia. Former Bitcoin mining sites are being repurposed for AI workloads, as illustrated by Cipher Mining’s $5.5 billion contract with AWS.
Source: Read the original article
