Topic: state of ai/infrastructure
Context: Still open, and this cycle's record runs its way. Hut 8's '1 GW' Beacon Point campus carries 1,000 MW of secured capacity against 704 MW of signed IT leases, and Southern Company reports a 75 GW pipeline of which 10 GW is contracted. In August ERCOT and data-center representatives said plainly that many of the 1,800-plus projects in the Texas queue will never be built for want of financing or a tenant. Resolves on how much of the 2026 pipeline energizes by year end.