USD/BTC = $81,715 Block 887,709 TL:DR

One of the biggest construction loans ever for a data center highlights booming demand for artificial intelligence

Key Points

What's This?

Lenders have provided a $2 billion loan for the construction of a 100-acre data center in Utah, highlighting the growing demand for facilities that support AI.
The data center will have a capacity of 175 megawatts of continuous power, enough to power 175,000 average-size U.S. homes. It is already fully leased.
The project addresses water scarcity concerns in Utah by using a cooling system that minimizes water evaporation.

My Thoughts 💭

AGI can’t get her fast enough. This AI thing better pay off or we are screwed. Massive investments are pouring into the sector but where is the gain?