> That is going from 1.5% of global electricity use to 3%.

> It is less than I expected.

I suspect this is because of the word "global". Are not most of these currently planned specifically for the USA? Sure, the USA has a disproportionate use of electricity, but IIRC it's like 16% (1/6th) of global?

3% of global electricity is roughly the same as 18% of US electricity; a bit less because not all the new DCs will be in the US, but that's something that I consider with regards to the economics and why I'm bearish on this topic, as I think it will be a case of Dutch disease in the USA: https://en.wikipedia.org/wiki/Dutch_disease