US data center construction hits $85B annual pace, up 73% year over year

BenBajarin · x · 2026-10-29

A Census Bureau chart shared by analyst Richard Meyer shows US private data center construction at an $85B annualized pace (Aug 2026), up 73% YoY — excluding compute, gas and power infrastructure. The inflection is unmistakably at ChatGPT's Nov 2022 launch, after which spending broke sharply above its prior trend line.

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