America has spent the year building server farms at record speed. <a href="https://www.thestreet.com/crypto/tag/bernie-sanders" rel="noopener noreferrer nofollow">Sen. Bernie Sanders</a> thinks the country is building the wrong thing.
The Vermont independent, who has been a longtime critic of corporate power, made the case on X on Nov. 1, two days before the midterm elections.
"Instead of building more AI data centers, which 66% of Americans oppose, I have a better idea,"&nbsp;Sanders <a href="https://x.com/SenSanders/status/2116941855505916258" rel="noopener noreferrer nofollow">wrote</a>.&nbsp;
<blockquote>
 "Let’s build 7 million affordable homes &amp; apartments."
</blockquote>
<a href="https://www.thestreet.com/crypto/tag/ai-data-centre" rel="noopener noreferrer nofollow">AI data centers</a> are huge warehouses packed with computer servers that train and run artificial intelligence systems.&nbsp;
They use enormous amounts of electricity.
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<h2 id="two-in-three-americans-push-back-on-new-data-centers">Two in three Americans push back on new data centers</h2>
Sanders’ 66% figure comes from a <a href="https://www.washingtonpost.com/technology/2026/10/21/poll-finds-most-americans-disapprove-how-trump-handling-ai/" rel="noopener noreferrer nofollow">Washington Post-ABC News-Ipsos poll</a> conducted Oct. 9 to 13. Ipsos is a global market research and polling firm.&nbsp;
In the poll, 66% of U.S. adults said they oppose building new data centers in the country, while 30% support it.
Resistance grows when the project is closer to home.&nbsp;
Asked about a new data center in their own community, 72% said they would oppose it.
The pushback has also crossed party lines.&nbsp;
Democrats were the most opposed, at 76% against new data centers nationally. Exactly half of Republicans said the same.&nbsp;
That share climbed to 58% when the data center would be in their own community.
<figure><img src="https://www.thestreet.com/.image/c_fit%2Ch_675%2Cw_1200/MjI3MzQ4Njg2MTgxNTA5MDA2/data-center-opposition-poll.png" height="675" width="1200">
 <figcaption>TheStreet Roundtable graphic on public opinion toward AI data centers, based on data from <a href="https://www.washingtonpost.com/technology/2026/10/21/poll-finds-most-americans-disapprove-how-trump-handling-ai/" rel="noopener noreferrer nofollow">the Washington Post-ABC News-Ipsos poll </a>(Oct. 9-13, 2026).
 </figcaption>
</figure>
The worry runs deeper than the buildings. A 57% majority said <a href="https://www.thestreet.com/crypto/tag/artificial-intelligence" rel="noopener noreferrer nofollow">AI</a> is a bad thing for society.&nbsp;
Around 65% saw a high or very high risk that AI will eliminate many jobs. Only 13% saw a big chance it will create many new ones.
Two-thirds of Americans, 67%, also said the federal government isn’t doing enough to regulate AI. That includes 80% of Democrats and 54% of Republicans.
The poll surveyed 2,545 U.S. adults online, with a margin of error of plus or minus 2 percentage points.
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<h2 id="sanders-7-million-figure-has-a-match-in-the-data">Sanders’ 7 million figure has a match in the data</h2>
Sanders didn’t say where his 7 million figure came from. But the figure lands close to one of the starkest numbers in <a href="https://www.thestreet.com/crypto/tag/u-s-housing-market" rel="noopener noreferrer nofollow">U.S. housing</a>.
The U.S. is short 7.2 million rental homes that renters with extremely low incomes can afford, according to <a href="https://nlihc.org/gap" rel="noopener noreferrer nofollow">The Gap 2026</a>, a report published in March by the National Low Income Housing Coalition.&nbsp;
The coalition is a nonprofit that tracks rental affordability.
<figure>
 <figcaption>TheStreet Roundtablegraphic on U.S. housing affordability, based on data from Oxford Economics and the National Low Income Housing Coalition.
 </figcaption>
</figure>
Extremely low-income households earn at or below the federal poverty line, or 30% of their area’s median income, whichever is higher. For every 100 of them, only 35 affordable homes exist.
The shortage reaches every state. Nevada is the worst off, with 16 affordable homes per 100 such households. South Dakota is the best, with 73.
<h2 id="a-115-600-price-tag-on-an-ordinary-home">A $115,600 price tag on an ordinary home</h2>
The squeeze isn’t limited to the lowest earners.
The average U.S. household needed $115,600 in income to afford median housing costs in the third quarter of 2026, according to an Oct. 30 <a href="https://www.oxfordeconomics.com/resource/us-affordability-challenges-cut-across-every-state-and-local-election/" rel="noopener noreferrer nofollow">briefing</a> from Oxford Economics, a global economic research firm.&nbsp;
That’s up from $111,500 a year earlier, and 75% more than the $66,200 needed five years ago.
The firm called the rising cost of living “the primary issue in the upcoming midterms.”
It also links Sanders’ two targets.&nbsp;
Oxford Economics lists "the surge in <a href="https://www.thestreet.com/crypto/tag/data-centers" rel="noopener noreferrer nofollow">data centers</a>, which has heightened electricity prices"&nbsp;among the forces pushing up household costs, alongside higher oil prices, tariffs and cuts to Affordable Care Act insurance subsidies.
<blockquote>
 “No metro has escaped the material deterioration in affordability,” the firm wrote.
</blockquote>
Sanders’ post went further than housing.&nbsp;
He also called for more hospitals, schools and childcare centers, and for “an economy that works for all, not just the top 1 percent.”
His post doesn’t say how such a building program would be paid for.
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<h2 id="bitcoin-miners-are-leasing-their-power-to-ai">Bitcoin miners are leasing their power to AI</h2>
Some of the companies feeding the data center boom started out in crypto.
<a href="https://www.thestreet.com/crypto/tag/bitcoin-miners" rel="noopener noreferrer nofollow">Bitcoin miners</a> run warehouses of specialized computers that compete to process transactions on the <a href="https://www.thestreet.com/crypto/bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> network and earn new coins as a reward.&nbsp;
The work uses huge amounts of electricity, so miners spent years locking up access to power. AI developers now need that same power.
Several miners are now leasing “powered shells,” bare data center buildings already wired for electricity, to AI companies that bring their own chips.&nbsp;
Here are a few insights:
<ul>
 <li>TeraWulf <a href="https://investors.terawulf.com/news-events/press-releases/detail/142/terawulf-announces-anthropic-lease-at-justified-data-campus-and-sale-of-majority-interest-in-abernathy-joint-venture-to-fluidstack" rel="noopener noreferrer nofollow">signed a 20-year lease with Anthropic</a> in July for about 401 megawatts in Hawesville, Kentucky. The company says the lease is worth about $19 billion.</li>
 <li>Hut 8 <a href="https://www.hut8.com/news-insights/press-releases/hut-8-fully-commercializes-1-gw-beacon-point-ai-data-center-campus-with-second-352-mw-it-lease" rel="noopener noreferrer nofollow">signed a second 15-year, 352-megawatt lease</a> that month at its Beacon Point campus, bringing the campus’s base-term contract value to $19.6 billion.&nbsp;</li>
 <li>In September, Cipher Digital <a href="https://investors.cipherdigital.com/news-releases/news-release-details/cipher-digital-expands-barber-lake-lease-term-20-years" rel="noopener noreferrer nofollow">extended its lease</a> at its Barber Lake site in Colorado City, Texas, to 20 years, lifting expected revenue there to more than $9 billion.</li>
 <li>IREN signed a five-year, $9.7 billion AI computing contract with Microsoft, <a href="https://iren.gcs-web.com/static-files/a421bb34-0156-4687-be7d-19f53a5236e5" rel="noopener noreferrer nofollow">according to terms it published</a>.&nbsp;</li>
</ul>
IREN made the riskiest bet of the group.&nbsp;
Instead of leasing out space, it is buying the chips itself. In June, it <a href="https://www.globenewswire.com/news-release/2026/06/01/3304211/0/en/iren-closes-3-65bn-investment-grade-gpu-financing.html" rel="noopener noreferrer nofollow">closed $3.65 billion in financing</a> to pay for them.
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Bernie Sanders spots opportunity as 66% of Americans oppose AI data centers

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