From 2014-25, US private sector data center investments have increased more than 25-fold

Data center companies are worsening housing undersupply in some regional markets.

View a map of US data center infrastructure in 2025

Thousands of data centers across the country have already been built, with more under construction or planned. Facilities are connected via transmission and fiber optic lines, with the latter spanning an estimated length of 160 million miles.

Explore a map of data centers worldwide, numbering over 12,250 as of August 2026, with over 4,500 in the US.

By 2028, data center power consumption may equal 22% of US households

Date from 2023 suggests that data centers accounted for around 4.4% of US electricity consumption, with new facilities supporting the AI boom consuming more power than the state of New Hampshire annually. However, the energy impact of individual use varies widely depending on the prompt and AI model. (Some readers may experience a paywall.)

Data center power demands have delayed the retirement of coal plants

US data center power consumption is expected to triple by 2035 to meet the growing infrastructure needs of AI platforms. Longer construction times and higher startup costs for renewable energy systems such as wind and solar have led to at least 15 coal power plant closures being postponed.

View data center electrical demand and fiber optic cable connections across the US

Data center hub construction has prioritized locations with affordable electricity and fiber internet for data transmission, including Loudoun and Prince William Counties in Virginia and Maricopa County in Arizona. As of 2025, Northern Virginia's robust data center infrastructure is estimated to handle about 70% of global internet traffic.

Fracking rates may increase with the construction of new data centers

In Pennsylvania, plans to build at least five new facilities supported by gas-fired power plants are expected to escalate public health risks through surges in air and water pollution. Data center water demands are expected to further strain local resources.

Watch a time-lapse of the construction of a data center

After the external structure of a data center is built, cooling systems are installed, followed by interior offices and other rooms. Before installing racks of servers and other equipment, floors are raised beneath where they will be installed to create space for cold fluid to be pumped into the hardware and to facilitate cable management.

AI is estimated to drive most data center power demand growth through 2030

According to a report from the International Energy Agency, a typical AI data center in 2025 consumes as much electricity as 100,000 households, but the largest under construction are expected to consume 20 times as much. Global data center electricity consumption is expected to surpass Japan's total consumption by 2030.

Cryptocurrency and data center growth are expected to increase greenhouse gas emissions

An analysis from the Open Energy Outlook Initiative estimates a 30% increase in emissions through 2030, as growing energy demands in regions where data centers are being built (20%-30%) far exceed the traditional growth rate of utilities in those areas (1%-2%). The emissions spike is expected to equal France's annual carbon output.

Most of the critical mineral supply needed for US data centers is imported

The country with the most data centers relies on other nations for about 80% of the rare earth elements needed for magnetic materials in storage drives, 64% of the silver and 85% of the platinum it uses for electrical circuitry, and about half the aluminum and copper used in heat sinks that dissipate thermal energy from electronic components.

Data center types vary based on location and the workloads they manage

Enterprise data centers are built on-premises and afford businesses greater control over the management and security of their data. Cloud data centers are built off-site and share their resources with millions of users through an internet connection, with the largest—hyperscale data centers—spanning millions of square feet. Managed data centers offer off-site hardware that companies can lease.

Since 2022, two-thirds of data centers have been built in water-stressed areas

In residential evaporative cooling systems, 10% of consumed water is lost to evaporation compared to 80% in data centers. Although some companies have pledged to become water-positive—replenishing more freshwater than they consume—by 2030 through a transition to air cooling, only 10% of data center operators track water use across all their facilities.

Despite accounting for less than 1% of the country's water consumption in 2023, US data centers' water use for cooling and electricity generation can increase water stress in drought-affected areas.

According to the International Energy Agency, hyperscale data centers consume about as much electricity annually as 400,000 electric vehicles to provide 24/7 access to online applications, services, and information.

Loudoun County, Virginia, is considered the world's densest data center hub.

The private credit industry—which offers nonbank loans directly to businesses, particularly privately held midmarket companies—grew from a $250B asset class in 2010 to around $1.5T in early 2024.

Research suggests AI data centers may be creating microclimate heat islands

An analysis of satellite data from 2004 to 2024 showed that land surface temperatures in the areas surrounding AI data centers typically increase by an average of 2 degrees Celsius (3.6 degrees Fahrenheit) after they begin running. Across the 6,000 global data centers analyzed by the study, temperatures increased by as much as 9.1 degrees Celsius (16.4 degrees Fahrenheit).

Today's massive data centers evolved from single-room mainframes

Punch card computers from the late 1940s were used to store and process a company's data locally before the advent of desktop computers. As the amount of data and company sizes increased alongside the miniaturization of technology, mainframes were replaced by local server rooms and external facilities with interconnected servers running cloud-based and AI software.

View the layout and components that make up a typical data center

Alongside server rooms for the storage, processing, and transmission of data, data centers include climate control systems to manage the heat generated by microchips, backup systems to ensure systems can run during power outages, offices for on-site personnel, and monitoring and security stations to provide continuous protection against physical threats.

Carbon-neutral data centers may be possible if built within wind turbines

Wind turbine towers are typically hollow, housing only cables and a ladder for maintenance access. The excess electricity a wind turbine collects could power a stack of server racks more than 100 meters (328 feet) high within its tower.

Explore a breakdown of the US gross domestic product, including GDP's growth over time, the GDP of individual states, and which industries contribute the most to US GDP.

Modular data centers can be transported on a truck for rapid deployment

Bypassing the complications involved in building larger facilities over the course of several years, such as construction costs and permits, these pre-fabricated, self-contained pods, roughly the size of shipping containers, can carry thousands of graphics processing units for small- and medium-scale AI-related tasks.

Visualizing the multibillion dollar cost of US weather disasters

The US has sustained 332 weather and climate disasters since 1980 where overall damages/costs reached or exceeded $1B (including CPI adjustment to 2022). The total cost of these 332 events exceeds $2.275T.

Visualizing the AI investment wave

This data visualization from Reuters shows how massive AI investment has become by December 2025—revealing that, in today’s dollars, spending has surpassed the combined total of the Apollo program and the Manhattan Project.

Since 2025, AI data center growth has created shortages and price hikes in graphics processing units and their supporting hardware, including high-speed memory.

In 2024, US private equity posted an 8.1% return

Tracked by Cambridge Associates, 2024 performance saw limited partner distributions overtake contributions for the first time in years. Cambridge Associates, a leader in the space, typically uses a 2.0x+ MOIC (Multiple on Invested Capital) as a benchmark for top-quartile PE fund success.

See a chart showing how US tariff revenue has grown in recent years.

Noise from data centers may disrupt wildlife and local residents

Individuals living where local ordinances have allowed data centers to be built next to residential areas have reported that the constant humming and vibrations from cooling systems have prevented them from sleeping and exposed them to chronic noise, which the American Public Health Association says can lead to cardiovascular disease and increased stress.

US IPO issuance—the total dollar amount of new stock sold to the public via IPOs—hit a record high in 2026.

Electrical grids worldwide must double their power delivery capacity by 2050 to meet surging demand from AI and electric vehicles.

Data centers require interconnected server- and building-level cooling systems

Computer equipment can be cooled by circulating cold air or water through the equipment racks, siphoning the heated fluid into a heat exchanger. This exchanger transfers thermal energy to building cooling systems, which can dispose of the heat by evaporative cooling—the way humans cool off by sweating—or via air conditioning.

Thermodynamics makes building data centers in space to cool equipment impractical

Rather than cooling via interactions with flowing cold air or water, data centers in space would dissipate energy primarily by radiation, in which an object at any temperature above absolute zero emits light. This method is much less efficient at cooling and would require hyperscale data centers to have radiator panels thousands of times larger than those on the International Space Station.

In 2025, American tech companies will spend $300B to $400B on AI

That is, in nominal dollars, more than any group of companies has ever spent to do anything. Notably, these companies are not remotely close to earning $400B on artificial intelligence.

Federal subsidies have boosted US fracking profits

Between 2000 and 2020, the US government invested tens of billions of dollars to facilitate the extraction of shale oil and gas reserves. These subsidies helped make new projects viable and kept fossil fuel companies afloat while global energy prices and renewable energy startup costs have fallen.

Geothermal power may meet 15% of global electricity demand growth through 2050

According to the International Energy Agency, the estimate would require the construction of geothermal capacity with an annual output equivalent to the combined electricity consumption in the US and India in 2024. The report suggests geothermal investment will reach $2.5T by 2050, with the integration of fracking technologies decreasing costs by 80% by 2035.

Charting the rise of the American McMansion

US homes are growing larger and more luxurious, with Census Bureau data revealing a rise in four-bedroom houses equipped with air conditioning. Experts say the trend of elevated home prices is expected to continue.

US holiday retail sales reached $973B in 2024

In 2024, US holiday retail sales reached $973B—nearly one-fifth of annual sales. Many companies depend on this season to bolster revenues.

See how much it costs to build a new home in each US state, as homeowners look to new construction in a competitive real estate market—with a national average cost of over $332K for a 2,100-square-foot home.

71% of equity investments in Q1 2025 went to AI companies

That's up from just 14% in 2020, according to JPMorgan, which recently conducted an analysis of venture capital investment trends in the US.

The US restaurant industry generates over $1T in sales

In 2024, the industry brought in $1.1T, and the National Restaurant Association anticipated reaching $1.5T in 2025, numbers that are considered a return to normal after the tumultuous years of the COVID-19 pandemic. The industry also employs a large workforce, with over 13 million employees. (Some readers may experience a paywall.)

The alternative investments industry is expected to grow significantly in the coming years

More specifically, as of 2024, the alternative investments industry was expected to grow to more than $24T in assets in 2028—up from roughly $15T in 2022.

In 2023, venture capital firms invested $170B in over 15,000 US companies

That's a significant drop from 2022’s $242B, reflecting market uncertainty but continuing VC’s role in scaling transformative ideas. Rooted in early risk-sharing models, venture capital took off with firms like ARDC in 1946, later evolving into today’s influential players like Sequoia Capital and Andreessen Horowitz.

Nuclear power supplies almost half of US carbon-free energy

As of 2023, nearly 20% of US electricity comes from nuclear power, but most reactors were built from 1971 to 1990. Expansion slowed due to safety concerns, high costs, and competition from natural gas.

AI investment may be the next major economic bubble

A video examines the massive surge in AI spending—forecast to hit $500B by 2026—and how this may be propping up a fragile US economy. Experts warn that if AI investment slows or under-delivers, the consequences could be felt in markets, jobs and growth.

The 2021 infrastructure law increased transit spending 42%, but may not have produced more transit

The infrastructure bill committed $108B to transit, the largest investment in history. However, three years in, real inflation-adjusted investment has declined. An 84% increase in non-highway spending coincided with a potential 29% decrease in actual structures, most likely due to construction inflation and bureaucratic delays.

In 2019, the US became a net energy exporter thanks to the fracking boom

The US began exporting more energy than it consumed that year, making it a net energy exporter. Energy imports have decreased every year since 2007, as improved technology has increased the number of accessible domestic oil and natural gas reserves.

In recent years, many private schools have seen enrollment increase

The pandemic realigned schools’ demographics, with steady enrollment increases reported since 2020. In school years 2023 to 2024 and 2024 to 20225, 40% of private schools saw enrollments increase, though the overall trend appears to be slowing.

The private credit industry offers nonbank loans directly to businesses, particularly privately held midmarket companies.

Nearly half of billionaires planned to increase exposure to direct private equity investments in 2026.