BREAKING
$662bn in data-centre leases off books
0
B
Total future leases
0
B
Off balance sheet
0
%
Of adjusted debt
Why the leases stay hidden
On balance sheet
Now
●
Commenced leases
●
Recognised debt
Off balance sheet
$662bn
●
Not-yet-commenced
●
SPV financing
●
GAAP defers recognition
AI drives record spending
2025 CapEx (4 firms)
300
Global DC spend 2025
475
Moody's warns on hidden risk
Watch the disclosure gap
AI NEWS BLITZ
Five US cloud giants are keeping about 662 billion dollars of data-centre leases off their balance sheets.