BloombergNEF: $750B Hyperscaler Capex in 2026, 23 GW Under Construction Across 831 Sites
The 14 largest publicly owned data center operators are projected to spend $750B in capex in 2026, up 67% from $450B in 2025. BloombergNEF tracks 23.1 GW of capacity under construction across 831 sites globally (15.9 GW in the US alone). 72% of corporate clean power PPAs in the Americas are driven by data center developers. GPU-as-a-service leases exceed $100B in value, predominantly on 5-year terms.