{"ai_traffic":{"mom_pct":8346.9,"probes_filtered":false,"tool_calls_month":112090,"tool_calls_prior":1327},"as_of_date":"2026-05-28","brand_pulse":{"citation_score_pct":0.0},"dcpi_movers":[{"delta":0,"market":null,"note":"No markets crossed the 5-point WoW threshold this period. DCPI scores remained stable across all 285 tracked markets \u2014 see /api/v1/dcpi/scores for the full leaderboard.","score":null,"sentinel":true}],"deal_flow":{"current":{"count":90,"mw":9380.0,"value":38245.0},"current_window":"calendar_month","deals_mom_pct":542.9,"deals_yoy_pct":1700.0,"prior":{"count":14,"mw":1300.0,"value":63750.0},"rolling_30d":{"count":90,"mw":9380.0,"value":38245.0},"value_mom_pct":-40.0,"value_yoy_pct":null,"year_ago":{"count":5,"mw":0.0,"value":0.0}},"generated_at":"2026-05-28T18:16:13.231067Z","headline":{"facilities_added_month":594,"facilities_added_prior":0,"facilities_added_year_ago":0,"facilities_mom_pct":null,"facilities_total":12884,"facilities_yoy_pct":null,"total_mw":849717.75},"license":{"attribution_required":true,"citation":"DC Hub. (2026). Monthly Data Center Trend Report. https://dchub.cloud/reports/monthly. Licensed CC-BY-4.0.","commercial_use_allowed":true,"id":"CC-BY-4.0","name":"Creative Commons Attribution 4.0 International","url":"https://creativecommons.org/licenses/by/4.0/"},"month":5,"month_label":"May 2026","narrative_summary":{"audience":"default","cache_age_seconds":27,"generated_at":"2026-05-28T18:15:53.148284Z","model":"claude-haiku-4-5-20251001","text":"# May 2026 Executive Summary\n\nTransaction volume surged 543% month-over-month to 90 deals totaling $38.2 billion and 9,380 MW, marking a dramatic acceleration in M&A activity despite a 40% decline in average deal size. The headline driver was Blackstone's acquisition of three Google assets on May 21st, each valued at $5 billion, signaling aggressive portfolio rotation from hyperscalers toward yield-focused institutional capital. Beyond these anchor transactions, the broader deal count tells the story: 90 transactions in a single month versus 14 in April reflects a structural shift in how capacity is being transferred. Regionally, activity concentrated in power-constrained zones\u2014Richland Parish (5,000 MW across 9 facilities) and the emerging One market (5,000 MW single facility) commanded outsized capital, while Ashburn maintained its density franchise with 4,296 MW across 161 properties, underscoring persistent demand for connectivity hubs.\n\nThe velocity and composition of May's activity signals a 2\u20133 quarter repricing of operating assets and a decisive move by GPs to front-run power scarcity. Blackstone's three-tranche Google exit\u2014totaling $15 billion\u2014is not a one-off liquidation but a template for hyperscalers to monetize mature, fully-contracted capacity while construction queues remain backlogged. With 9,380 MW changing hands in a single month, we expect M&A to absorb near-term supply constraints that would otherwise drive lease rates higher; simultaneously, the shift of assets from tech operators to institutional hold-to-maturity vehicles de-risks capex for hyperscalers pursuing next-generation AI clusters. Monitor Richland Parish and Las Cruces (4,500 MW) closely\u2014these emerging powerhouse markets are attracting disproportionate capital relative to connectivity, a mismatch that will drive fiber-route arbitrage and potentially compress economics for later-stage entrants."},"pipeline_by_market":[],"press_kit":{"attribution":"DC Hub \u00b7 dchub.cloud \u00b7 monthly trend snapshot","permalink":"https://dchub.cloud/reports/monthly/2026-05","quotables":["DC Hub now tracks 12,884 data center facilities globally, representing 849.7 GW of operational and pipeline capacity.","In May 2026, DC Hub tracked 90 M&A transactions worth $38.2B in aggregate disclosed value.","9,380 MW of capacity changed hands through M&A and JV transactions tracked by DC Hub in May 2026.","DC Hub's research API served 112,090 AI-agent tool calls in May 2026, with ChatGPT, Claude, Gemini, and Perplexity all citing the platform by name in research responses."],"use_freely":"Quotes above may be used by journalists and analysts with attribution to DC Hub. Numbers are live as of 2026-05-28"},"served_from":"live","top_deals":[{"buyer":"Blackstone","date":"2026-05-21","id":"AUTO-20260527-462819","mw":null,"seller":"Google","value":5000.0},{"buyer":"Blackstone","date":"2026-05-21","id":"AUTO-20260525-462819","mw":null,"seller":"Google","value":5000.0},{"buyer":"Blackstone","date":"2026-05-21","id":"AUTO-20260526-462819","mw":null,"seller":"Google","value":5000.0},{"buyer":"Blackstone","date":"2026-05-21","id":"AUTO-20260524-462819","mw":null,"seller":"Google","value":5000.0},{"buyer":"Blackstone","date":"2026-05-21","id":"AUTO-20260528-462819","mw":null,"seller":"Google","value":5000.0}],"top_deals_window":"calendar_month","top_markets":[{"facilities":9,"market":"Richland Parish","total_mw":5000.0},{"facilities":1,"market":"One","total_mw":5000.0},{"facilities":1,"market":"Las Cruces","total_mw":4500.0},{"facilities":161,"market":"Ashburn","total_mw":4296.0},{"facilities":4,"market":"Abilene","total_mw":2950.0},{"facilities":4,"market":"Sweetwater","total_mw":2200.0},{"facilities":7,"market":"Lebanon","total_mw":2002.0},{"facilities":8,"market":"Memphis","total_mw":2000.0},{"facilities":1,"market":"Mason County","total_mw":2000.0},{"facilities":1,"market":"West Texas","total_mw":2000.0}],"vs_proprietary_research":{"edge_vs_them":{"access":"Free public JSON + MCP vs $5-25K licensed PDF","distribution":"AI-agent native (27 MCP tools) vs human PDF only","freshness":"Daily refresh vs ~6 months stale by publish date","license":"CC-BY-4.0 vs proprietary \u00a9 with NDA"},"headline":"Live equivalent of CBRE / JLL / 451 H2 reports \u2014 with the staleness/license/access tradeoffs made explicit, not hidden.","honest_caveat":"We are a live data layer, not a 30-page narrative document. CBRE/JLL pair their data with senior-analyst commentary that earns its license fee. Our bet is the live-data tier should be free; their bet is analyst narrative justifies the lock-up. Both can be right.","they_cover_we_dont_yet":["Vacancy + absorption rates (real-estate concepts; complementary, not competing)","Rent rates ($/kW retail) per market","Construction cost benchmarks by region","Labor availability indices"],"we_cover":["Power availability + queue depth (DCPI, 285 markets, daily)","Hyperscaler capex events ($1B+ deal tracker, news pipeline)","M&A flow (13,000+ deals tracked, daily updates)","Real-time grid mix across 10 ISOs (7 US + Hydro-Quebec + AESO + Nord Pool)","Capacity pipeline (540+ projects, 369 GW)","Fiber routes + interconnection-queue depth","Water + climate + tax-incentive overlays","AI-agent citation telemetry (per-tool conversion funnel)"]},"year":2026}