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Data Center Boom Faces Backlash: Traders Predict Surge
9 Oct
Summary
- Traders predict 75% likelihood of over 5,100 data centers by 2027.
- Public backlash grows over energy costs and water usage concerns.
- Virginia leads with over 670 planned and online data facilities.
Prediction market platform Kalshi indicates a 75% likelihood that more than 5,100 data centers will be operational or planned by 2027. This projection has risen from 60% in just two weeks. The resolution of these odds will be verified by Data Center Map. As of the current assessment, over 4,700 data centers are active or in planning stages across the U.S.
Virginia leads states with more than 670 facilities, followed by Texas and California. This expansion by tech companies, particularly in states like Texas, New Mexico, and Arizona, is generating significant backlash. Communities and activists are raising alarms about increased utility costs for residents and substantial water consumption.
Meanwhile, Oracle has reportedly issued a "force majeure" notice regarding its New Mexico data center project, seeking protection from potential cost overruns and delays. This project also faced a setback when New Mexico regulators denied an application for a necessary gas pipeline.
