226 GIGAWATTS OF NOTHING: The Physics Frauds Behind the AI Infrastructure Boom

$300 Billion in Promises. 226 Gigawatts of Lies. 3% Actually Built. What Happens Next Changes Everything.

How 226 Gigawatts of Phantom Demand, $121 Billion in Hyperscaler Debt, and a $300 Billion Contract Built on Losses Reveal the True Architecture of the AI Infrastructure Boom—and Why What Comes Next Will Reshape Global Capital Flows for a Generation

By Shanaka Anslem Perera

14th December 2025 | Strategic Infrastructure Analysis