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Here's how Goldman Sachs, KKR, and Blackstone are pouring billions into data centers, a hot real-estate play that's chasing a boom in cloud storage and steaming content

1 month ago   |   By Business Insider

Summary List Placement
Scrolling through videos on social media may seem like carefree fun, but the logistics behind it are an increasingly serious business.
ByteDance, the China-based parent company of the social media streaming service TikTok, has leased 53 megawatts of data-center space across three locations in northern Virginia, a source with knowledge of the transactions said, facilities that could consume more annual power than 25,000 homes. That's on top of 9 megawatts ByteDance leased in 2019, according to data from DataCenter Knowledge.
The company, which has come under scrutiny...
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