Berkshire’s Greg Abel highlights U.S. resistance to 4,700 data centers

  • Greg Abel highlighted growing U.S. community resistance to data center construction.
  • 4,700 data centers operate across the United States, and the total is increasing.
  • New York State enacted a construction moratorium while other states consider restrictions.

Berkshire Hathaway CEO Greg Abel said U.S. communities are increasingly resisting data center construction as the country’s computing infrastructure expands. Berkshire’s interest in the buildout centers on supplying power and electricity to hyperscalers (large-scale computing companies), provided doing so does not raise rates for its other customers. Wall Street investors and analysts are also tracking organized opposition linked to local resource consumption and limited long-term job creation. New York State has enacted a moratorium on data center construction, while other states are considering restrictions. Mizuho analysts said investors view the issue as potentially significant in the upcoming midterm elections, although claims about resource consumption and job creation remain contested.

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Berkshire’s Greg Abel highlights U.S. resistance to 4,700 data centers - CoinPost Terminal