
The Data Center Water Crisis Isn't RealDec 18
one guy is single-handedly correcting the ai water doomerism with a calculator and a chatbot
Aug 24, 2026

Several of Congress’ biggest proponents of data center restrictions hold significant investments in companies that stand to benefit from the AI boom, according to financial disclosures released this month.
Pirate Wires identified 10 members of Congress with clear financial exposure to AI companies and data center firms or funds who have also sponsored bills that would slow or impede data center construction (or otherwise expressed public skepticism toward data centers). These disclosures detail the assets each member, their spouse, or dependent children owned in 2025.
The portfolios reveal how these lawmakers seek to capitalize on data centers’ economic potential while supporting policies that would restrict their constituents from the same benefits. They also, obviously, call into question whether the lawmakers’ suspicion towards data centers is genuine or simply a politically motivated response to popular backlash.
This month, Senator Ron Wyden (D-OR), the top Democrat on the Senate Finance Committee, proposed a “low single-digit” excise tax on data centers’ gross receipts (not just their profits) in a white paper. He also called for ending tax incentives for data centers, such as immediate write-offs for expensive server hardware and the Opportunity Zone program Republicans enacted in 2017 to help economically distressed communities by offering capital gains tax breaks to developers.
Wyden disclosed roughly $103,000 to $246,000 held in the Global X Data Center & Digital Infrastructure ETF — a fund built to track data-center and digital infrastructure companies — in six separate accounts owned by his wife and two of their children, built up in multiple purchases throughout 2025.
His wife also held over $1 million each in Nvidia, Alphabet, and Apple; $500,000 to $1 million each in Amazon and Microsoft; $250,000 to $500,000 in Seagate Technology (which makes hard drives for data centers); plus hundreds of thousands in tech, AI, and cybersecurity ETFs.