Another theme that emerged from our Q2 tour of datacenter industrials is that modular capacity is sold out, with demand growing faster than the pace of capacity bring-up. Modular is gaining share because it addresses the two biggest constraints on datacenter construction: time and field labor. Power and cooling systems can be assembled in factories while the shell goes up on site, compressing delivery timelines by up to 40% and reducing on-site man-hours by up to ~70% for some parts of the build. We broke down the different approaches—and the schedule, labor and cost savings—in our recent newsletter (1/4)🧵 https://newsletter.semianalysis.com/p/the-wild-wild-west-of-lego-datacenters