[quickthrowman]

If it collapses, lenders will own (in general) giant tip-up buildings with two separate substations tied to two different utility circuits, a shitload of generators and UPSes, a shitload of chillers and cooling towers, and miles of cable tray. Plus whatever computing hardware is inside.

I assume the excess electrical and HVAC gear would be stripped out and sold before converting the tip-up building into another yet another Amazon distribution center.

It’s not particularly useful infrastructure, unlike all of the dark fiber laid during the dotcom boom.

[nightshift1]

With a quick search, it looks like some ai datacenters are not designed/built with hyperscaler grade reliability in mind so the would have to be upgraded for that purpose.

https://blogs.microsoft.com/blog/2025/11/12/infinite-scale-t...

We are pushing the envelope in serving this compute with cost-efficient, reliable power. The Atlanta site was selected with resilient utility power in mind and is capable of achieving 4×9 availability at 3×9 cost. By securing highly available grid power, we can also forgo traditional resiliency approaches for the GPU fleet (such as on-site generation, UPS systems and dual-corded distribution), driving cost savings for customers and faster time-to-market for Microsoft.