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A data centre is where the cloud touches the ground — a building that rents out power, cooling and connectivity by the megawatt. Watch the value flow: $ in from the tenants and the data, $ out for the power and cooling. Pick a real asset below and follow it through the facility, the business model and a working returns model.
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Drag the sliders to see what the data centre rents — and where the value flows.
The operator builds the shell, the power and the cooling, then leases capacity to a handful of hyperscale tenants on long, often 10–15 year contracts. Revenue is contracted MW × rent — bond-like and highly financeable, with power usually passed through to the tenant. The risk is concentration (a few giant customers) and getting the power connected at all. This is the model behind most of the AI build-out.
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See also the standalone live data-centre simulation — a generic facility with animated halls and the same revenue → EBITDA → returns build.