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$130 Billion in AI Data Centers were Just Blocked. Where Does the AI Boom Go Now

$130 Billion in AI Data Centers were Just Blocked. Where Does the AI Boom Go Now | EN590 Commodities Group
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$130 Billion in AI Data Centers were Just Blocked. Where Does the AI Boom Go Now

July 09, 2026
Source: oilprice.com
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Hormuz Tanker Traffic Grinds to a Halt After U.S.-Iran Escalation In September, Googlewalked awayfrom a $1 billion data center outside Indianapolis, pulling its Franklin Township proposal minutes before the city-county council was set to vote it down.

Communities across the United States have now blocked or delayed more than $130 billion in AI data centers in the first three months of 2026, refusing projects the industry's biggest names assumed they could build anywhere.

This is the problemBitzero (Nasdaq: AIBZ)spent the last four years quietly engineering its way around.

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The company nowcontrolsmore than a gigawatt of low-cost, clean power capacity across Norway and Finland,, permitted before the backlash started and welcomed by the communities around it.

In May, thecompany signed a binding letterfor a 15-year lease worth roughly $2.6 billion, and on June 9 it began trading on the Nasdaq.

The AI capital being rejected at home has to go somewhere it’s allowed to build, and Bitzero has keyed in on the short list where there’s cheap, abundant power to drive AI’s next wave.

The rejections are coming faster now, and they seem to follow the same general script.

In Tucson, Arizona, the city councilvotedunanimously to oppose “Project Blue,” a $3.6 billion Amazon campus, after similar fears about water use and rising costs boiled over.

The complaints rhyme from town to town: higher electricity bills to cover the grid upgrades a hyperscaler like Amazon or Google needs, and millions of gallons of water routed to cooling.

Fights that would have been a formality two years ago now stretch on for months in Virginia, Texas, Indiana, and Georgia.

Elected officials areaddingto the friction as well.

Lawmakers introduced more than 300 data center bills in the first six weeks of 2026, and 14 states floated outright moratoriums on new construction.

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