120 Data Center Buildout Construction Value, USA = +49% & Accelerated Annual Growth Over Two Years Note: All data are seasonally adjusted. Data obtained via USA Census Bureau’s Value of Construction Put in Place (VIP) Survey, which provides monthly estimates of the total dollar value of construction work done in USA. Data is annualized to avoid seasonal fluctuations. Source: USA Census Bureau $0 $10 $20 $30 $40 1/14 1/15 1/16 1/17 1/18 1/19 1/20 1/21 1/22 1/23 1/24 Annualized Value of Private Construction, $B 12/24 +28% / Year +49% / Year Data Centers = Key Beneficiary of AI CapEx Spend USA Data Center Annualized Private Construction Value ($B) – 1/14-12/24, per USA Census Bureau