Arthur Hayes: AI Data Centers Might Be a 'Boring Real Estate Game' August 22, 2026 – BitMEX co-founder Arthur Hayes @CryptoHayes shared in an interview that AI is siphoning off massive amounts of capital from the market, with trillions of dollars flowing into data centers and chips, diverting funds that might have otherwise entered the crypto market. He believes the current AI craze is similar to the 'railroad bubble,' where the market may have overbuilt data centers. The heavy asset model, which heavily relies on debt financing, could pose potential risks. Source: Unchained