Amazon.com Inc. has acquired a 270-acre parcel of land in Bristow, Virginia, for $700 million, with plans to construct a new data center on the site. This investment underscores the company's ongoing commitment to expanding the infrastructure for its Amazon Web Services (AWS) cloud computing division, a key driver of its profitability. The substantial price paid for the land highlights the increasing difficulty and expense of securing suitable, zoned land in the high-demand Northern Virginia market, a critical hub for data centers. This move is part of a broader trend of tech giants investing heavily in their physical infrastructure to support the growing demand for cloud services and artificial intelligence. There was no market reaction analysis available in the reports.
Amazon Invests $700 Million in Virginia Land for Data Center Expansion
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