HomeSupply and SpendingCompute Supply (Epoch)
Data Centers Coming Online, Supply vs Demand
Large Data Centers: IT Power Built Out (MW)#
The ten largest sites keep adding IT power on schedules that run to 2028; future points are plans.Draft, pending review
How to read this chart
The ten largest sites by peak power; future dates are plans.
Source: FinSight compilation and estimates · Updated 2026-08-31
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All Sites Combined: IT Power and Capital Cost#
Across 71 tracked sites, both IT power and capital cost climb in steps.Draft, pending review
Source: FinSight compilation and estimates · Updated 2026-08-31
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When Supply Arrives: New IT Power per Half Year (GW, Stacked by Owner)#
Half-year supply additions are thickest from 2026 to 2028; the drop after 2029 reflects only sites already under construction being counted, not a real cliff.Draft, pending review
How to read this chart
Dates are when each block of capacity comes online: past dates are verified by satellite imagery, future dates are estimated completion. Only sites under construction are included, with visibility of about two to three years, so the drop after 2029 is not a real supply cliff.
Source: Epoch AI (CC BY 4.0); FinSight compilation and estimates · Updated 2026-08-31
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Supply vs Demand: Cumulative H100e vs AI Companies' Combined Annualized Revenue#
Cumulative compute and AI companies' annualized revenue rise together; the gap-filled supply line is steeper than the raw one.Draft, pending review
How to read this chart
Left axis: cumulative chip shipments in millions of H100-equivalents. Right axis: combined annualized revenue of OpenAI, Anthropic, xAI, Mistral and Zhipu.
Source: FinSight compilation and estimates · Updated 2026-08-31
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Monetization: Annualized Revenue per Thousand H100e (US$ Thousands)#
Annualized revenue per thousand chips has climbed steadily through 2026, meaning monetization is catching up with supply.Draft, pending review
How to read this chart
The demand-to-supply ratio over time; a decline means supply is growing faster than monetization.
Source: FinSight compilation and estimates · Updated 2026-08-31
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