> Data centers would ideally run at ~100% utilization

I don't think this is broadly accepted among major data center operators.

Of conventional data centers or one's running GPUs? If you're not saturating your GPUs you're likely leaving money on the table.

I don't really agree. The energy component of opex still dominates over the depreciation.

	▲	hollerith 13 hours ago \| parent [-]
		For AI data centers? Depreciation on the GPUs and AI accelerators is a bigger cost than electricity. Now it might be that a new data center will find it more difficult to obtain a reliable supply of electricity than to obtain GPUs, but your statement was about expenses.

IIRC ERCOT estimated from their experience it was something like 85% on average?