⚡︎ Independent, reader-supported & ad-free · Follow the megawatts in all 50 states ⚡︎ Support Us
Watch · Our Take

💰Passive Income with Fractional Data Center Ownership

Mike Healy · 1 year ago

The short version: Mike Healy pitches fractional data-center investing as easy passive income, but the real costs of these facilities — power, water, land, tax breaks — land on host communities, not shareholders.

Our Take

Mike Healy's pitch is the same one we've seen dressed up a dozen ways this year: data is gold, AI is hungry, and now regular folks can buy a slice of that hunger for a modest fee. What gets left out of the emoji-laden sales copy is who actually underwrites the "ever-growing demand" he's talking about — it's not just cloud investors, it's the ratepayers and taxpayers in the towns where these buildings actually sit.

Fractional ownership schemes turn a data center into a stock-like product, but the facility itself still needs a substation upgrade, millions of gallons of cooling water, tax abatements from a county council, and often a rushed permitting process that residents find out about after the concrete's poured. None of that risk shows up in a pitch about "passive income" — it shows up on the next utility bill or in a well that suddenly runs low. Investors get a dividend; neighbors get the externalities.

We're not here to tell you whether to buy in — that's between you and your brokerage account. But before anyone frames data centers as a clean, hands-off investment, it's worth checking what's actually being built near you and on whose dime. Take a look at our facility map to see the buildout happening in real communities, and if you want to push back on sweetheart deals in your area, our take-action page is a good place to start.

This is GridWatch the USA’s original commentary. The video above is the work of Mike Healy, published on YouTube — full credit to the creator.