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In November 2025, data center construction projects totaled $9.8 billion, marking a significant increase from $2.6 billion the previous year, with year-to-date spending reaching $53.7 billion. Projections suggest total spending for 2025 will exceed $60 billion, driven by a trend towards fewer but larger facilities, particularly in states like Louisiana, Texas, and Virginia. Additionally, power infrastructure spending is anticipated to reach $27.8 billion in 2026.