Hyperscaler
A giant cloud and platform operator (AWS, Microsoft, Google, Meta) building data centers at global scale.
Current numbers
up to ~13 GW announcedhyperscaler nuclear announced to mid-2026: about half existing-plant PPAs (Crane, Amazon–Talen), half new-reactor partnerships (Kairos)
6.14 / 10.53 / 20.91%ClusterMAX April 2026 large-pretraining scenario: gold / hyperscaler / silver goodput expense
~$176BBurry estimate of understated hyperscaler depreciation, cumulative 2026–2028 (CONTESTED)