Discovering land has the infrastructure to supply hundreds or thousands of megawatts of electricity is now like striking oil or hitting the jackpot.
Power infrastructure is significantly increasing the value of some property, bringing owners and developers out of the woodwork to see if their holdings can help meet the insatiable demand brought by hyperscale data centers amid an artificial intelligence boom.
The phenomenon is making a handful of landowners in Texas and other data center hot spots overnight tycoons. Others are paying big bucks to see if their properties can cash in.