Source: Bloomberg
Summary
Coatue, a prominent venture capital firm, has launched a new venture focused on acquiring land near major power sources. The venture aims to develop data centers, reportedly. According to Bloomberg, the move is part of a broader trend of investors seeking to capitalize on the growing demand for cloud computing and data storage. Coatue’s new venture has already purchased land in several locations, with plans for further expansion.
Our Reading
The launch follows a familiar script.
Coatue’s new venture is buying land near power sources, because that’s exactly what every other data center operator has been doing for years. The firm is reportedly planning to develop data centers, a revolutionary concept that has only been around since the dawn of the internet. Coatue’s move is part of a broader trend of investors trying to make money off the cloud, because that’s where all the cool kids are. The venture has already purchased land in several locations, and we’re sure the neighbors are thrilled. Coatue is just the latest to join the “let’s build a data center near a power source” party, fashionably late as always.
Author: Evan Null
