From a recent discussion by Paul Krugman, powered land companies.
Basically companies scooping up land that comes with a power connection...
We see the emergence of these companies called powered land companies, which are kind of analogous to what went on in the days leading up to LA taking over the Owens Valley’s water supply, where you show up with numbered companies and you buy up locations and no one knows exactly what you’re doing, and it’s all in anticipation of eventually one day someone wanting that and you say, “haha, I’m already here and I’ve already got the rights to access to power here and so if you want to build a data center, away you go,” and we’ve seen there’s a whole host of these so-called powered land companies that have no interest in building data centers.