FWIW we are in the process of replacing a Dev/QA cluster in our data center and just the storage appliance alone went from $58k to $120k since January. That doesn't include the 5 servers in the cluster, which each have gone up $8k in the same time frame.

Cannot imagine how you even plan to build a data center when your costs are going up 20% per month.

My friend works at a large electrical company who have been building out data centers in CA and TX. A lot of their projects have been delayed or frozen, along with much of the hiring they were doing. The unofficial consensus is that this is the AI bubble bursting. They've had a productive few years, and earned a lot of money, but they knew it wasn't going to last. The good thing about blue collar workers is that they have a better sense of reality than white collar ones.