Pieter Garicano(@pietergaricano):Remarkable how people will just make up things like, “Europe doesn’t have data centers because they can’t securitize them.” Lots of American data center builders are active in Europe. Fluidstack pulled out of France and OAI out of Britain because permitting and time-to-power were too slow. In places where those problems don’t exist — i.e. Scandinavia — lots of stuff is getting built. European data center builders will complain about “financing,” but what they mean is that, under the prevailing political, permitting, and energy environment, no one wants to buy the damn things!

2026.09.17 20:24

Remarkable how people will just make up things like, “Europe doesn’t have data centers because they can’t securitize them.” Lots of American data center builders are active in Europe. Fluidstack pulled out of France and OAI out of Britain because permitting and time-to-power were too slow. In places where those problems don’t exist — i.e. Scandinavia — lots of stuff is getting built. European data center builders will complain about “financing,” but what they mean is that, under the prevailing political, permitting, and energy environment, no one wants to buy the damn things!

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