Power Shortage, Not Money, Now Limits Data Center Deals

US data center valuations are surging on AI-driven demand, but grid interconnection queues threaten to become the real bottleneck. Deals assume power delivery will match hyperscaler capex plans; if utility timelines slip further, the gap between capital committed and megawatts available could widen sharply, pressuring valuations on transactions like Bridge Data Centres' pending $5 billion sale process.