Reported 7 days ago
Spanish real estate firm Merlin Properties anticipates that its data center operations will generate around 40% of its revenue by 2030, driven by the surging demand for artificial intelligence. Despite currently contributing less than 1% to overall earnings, CEO Ismael Clemente expects gross rents from the data center segment to reach approximately 313 million euros. The company is actively expanding its infrastructure in Spain and Portugal to capitalize on this trend, despite challenges such as regulatory hurdles and the need for substantial investments.
Source: YAHOO