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Someone is making bank. They aren’t literally lighting money on fire.
You say that but I’m not sure
Hahaha. No no. Of course not.
Imagine a business operating like that.
It’s pretty much all still in the “theoretical money” stage. The only reason that it’s not popped yet is the ultra wealthy thinking they can use it to replace people and take their wealth.
https://qz.com/ai-data-centers-microsoft-amazon-electric-grid-land-1851782495
Additionally, there is no inventory of large transformers and very few manufacturers. Folks are in bidding wars trying to get first delivery as they come out of the factory.