Hidden AI Costs? Big Tech Hyperscalers Hold $662 Billion In Off-Balance-Sheet Data Center Leases: Report - Amazon.com (NASDAQ:AMZN), Blackstone (NYSE:BX)
Benzinga·2026-02-26 12:02

The race to build AI infrastructure has led to a significant financial overhang. These tech giants have entered into long-term data center lease commitments that have yet to commence and, therefore, are not classified as current liabilities. As a result, the obligations do not appear on their balance sheets under generally accepted accounting principles (GAAP), Fortune reported, citing a Moody's report released Monday.By 2025 end, the companies had accumulated $969 billion in total undiscounted future lease ...