A week ago, analyst TD Cowen revealed that Microsoft had canceled leases "totalling a couple hundred MWs," with "at least two private data center operators across multiple US markets." The report also details how Microsoft "pulled back on converting negotiated and signed Statement[s] of Qualifications (SQQs)," which it added
I read somewhere someone supposed it had to do with SoftBank building out data centers to host this nonsense.
Which, given the history of SoftBank’s investing, is utterly hilarious and appropriate.