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> Amazon doesn’t actually own data centers; similar to how they don’t own warehouses.

Are you certain they don't own at least a fraction of the facilities they use? Amazon has very good credit (AA or AA-), which in a lot of cases probably means they have access to cheaper money than their landlord does. When you factor in the landlord's profit margin, it just doesn't make sense for Amazon to rent rather than to issue bonds and buy.

I imagine that they do rent as well, since it lets them respond more quickly to demand / business needs, but it would just be really weird for them not to own any of their own critical infrastructure.

Edit: Looks like it's a mix of leased and owned, on both counts

https://www.datacenterdynamics.com/en/news/amazon-web-servic...

https://therealdeal.com/national/2023/02/07/amazon-slams-bra...



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