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AI partly to blame for spike in data center costs

November 27, 2023

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With the supply of floor space dwindling further and increased demand for colocation services, analysts are reporting a 15% increase in the asking rates at North American data centers compared to a year ago.

DatacenterHawk in its third-quarter Data Center Market Recap found that data centers added more than 1.4 GW of power worldwide. Roughly 650 MW of that came from the United States, where major markets such as Atlanta, Phoenix, Dallas, and Northern Virginia led the way.

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