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Banks Loan 24,408 BTC to Build a 100-Acre AI Data Center in Utahwww.wsj.com/real-estate/banks-loan-2-billion-to-build-a-100-acre-ai-data-center-in-utah-ca5e7e0d
185 sats \ 3 comments \ @BlokchainB 14 Mar Construction_and_Engineering
USD/BTC = $81,715 Block 887,709 TL:DR
One of the biggest construction loans ever for a data center highlights booming demand for artificial intelligence

Key Points

What's This?
  • Lenders have provided a $2 billion loan for the construction of a 100-acre data center in Utah, highlighting the growing demand for facilities that support AI.
  • The data center will have a capacity of 175 megawatts of continuous power, enough to power 175,000 average-size U.S. homes. It is already fully leased.
  • The project addresses water scarcity concerns in Utah by using a cooling system that minimizes water evaporation.

My Thoughts 💭

AGI can’t get her fast enough. This AI thing better pay off or we are screwed. Massive investments are pouring into the sector but where is the gain?
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155 sats \ 0 replies \ @unschooled 14 Mar
Adore you for pricing stories headlines in btc. Based
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54 sats \ 0 replies \ @1GLENCoop 14 Mar
Sounds like a good article, but I'm not paying to read it. Found it on another news site, MSN. You can read it here without all of the ads: https://archive.ph/ihmyg
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140 sats \ 0 replies \ @kurszusz 16 Mar
175 mW is huge! To build a solar system with this capacity, it needs around $157.500.000 (approx $900/kW)
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