USD/BTC = $94,555
Block 895,544
TL:DRMicrosoft Corp. is pausing a plan to spend $1 billion building three data centers in central Ohio—just a few months after it also put on hold plans to build portions of a $3.3-billion data center in Wisconsin.To expand its cloud computing infrastructure, the tech giant had announced in late October that it would build data centers in New Albany, Hebron and Heath—all located east of Columbus, Ohio, in Licking County.
Microsoft hired Ames Construction as the general contractor for the first project on the New Albany site, which was planned as a $420-million, 245,000-sq-ft data center on 197 acres. Construction was slated to start this year with completion in 2027. Ames had started clearing the property in November and December, according to a community update published by Microsoft.
Plans for the other sites in Hebron and Heath were less advanced and contractors had not been announced.
“After careful consideration, we will not be moving forward at this time with our plans to build data centers at the Licking County sites,” Microsoft said in a statement. “We will continue to evaluate these sites in line with our investment strategy.”The company owns all three sites. It said that two of them—in Hebron and Heath—will be used for agriculture.
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My Thoughts 💭
Hmmm 🤔 I thought the Q1 numbers were good for big tech and their AI spend. Maybe Microsoft is mis-pricing the growth AI should bring? Something to keep an eye on!