Blackstone’s QTS just announced that it is abandoning its plans to build one of the world’s largest planned AI data center developments in Virginia, after years of lawsuits, regulatory setbacks, and mounting community opposition.
Blackstone’s QTS just announced that it is abandoning its plans to build one of the world’s largest planned AI data center developments in Virginia, after years of lawsuits, regulatory setbacks, and mounting community opposition.
Greenland seems like it would be a great place to locate data centres.
I was thinking Marx Carnage’s backyard but Greenland would do. We’re fighting a Brookfield and CPP backed hyperscaler data centre in my area right now.
Or cover our 51st State in em …
So government has once again blocked private enterprise. What could possibly go wrong?
Blackstone? So much for the ESG investing policy, eh?
The rush to build data centres might be fading..
Another fad that has peaked and is now being stalked by bankruptcy?
As the likes of the Canadian government rush into spending..?
Which thank you for reminding me of the worst and the BEST part of capitalism. It flushes out the trash … the unneeded, the unwanted, and the incompetent through cleansing business cycles.
I’ve lived through many, many, of these cycles … and I have often CHEERED the dumpster fires that were long overdue to be ignited. Take the ‘FREE money’ home loans of the early 2000’s. Man alive … who couldn’t see that dumpster fire smoldering!?
Taking years to realize that building major infrastructure in over-regulated shithole states is absurd is a sign of GREAT MANAGEMENT.