Sellable and self-use AI critical-IT megawatts across the pure-play GPU clouds, the ex-bitcoin-miners pivoting into AI colocation, and the hyperscalers — what each is worth per megawatt, who its customers are, and when the capacity arrives. MW numbers are hand-curated from filings; valuations reprice every morning. Market cap ≠ megawatts — the gap is the whole point.
Tracked capacity
125.2 GW
29 companies · op + construction + planned
Operational today
41.5 GW
neoclouds 3.8 GW · hyperscalers 37.7 GW
Under construction
33.9 GW
the delivery question — pipeline ≠ revenue until energized
NVDA vs the field
$5.7T
Nvidia market cap vs $0.38T combined EV of the 16 rows with a published EV/MW (hyperscaler and private-builder EVs excluded, as on their rows)
MW data as of 2026-10-02 · priced 2026-10-02. Hyperscaler net debt is funded-debt basis (most run net cash; finance leases and off-balance-sheet SPV debt excluded — see each row's note); neocloud net debt includes finance leases where disclosed.
Operational Under construction PlannedMW are verify-adjusted critical IT. Select a company to open its full record.