US data center construction spending hit $68B annualized, up 46% YoY, as Bitcoin miners pivot to AI infrastructure and hyperscalers ramp capex.

US data center construction spending hit $68B annualized, up 46% YoY, as Bitcoin miners pivot to AI infrastructure and hyperscalers ramp capex.

AI data center power surges exceed design capacity by 50%, destroying equipment and driving costs higher as Bitcoin miners pivot to AI hosting.

Apollo's Torsten Slok finds AI data-center capex rising from 1.4% to 3.1% of U.S. GDP by 2027, nearly double the annual pace of the 2002-2005

US data center construction spending surged 900% in five years, hitting $50.7 billion annually as AI and cloud demand reshape the infrastructure