Who owns America's data centers? As AI infrastructure expands and data centers become some of the most valuable real estate in the world, it's worth asking who is building them and why. In this episode, I examine the history of the data center industry, the Red Sea Group, and Serverfarm to understand how an Israeli real estate company entered the U.S. data center market. Drawing from public records and primary sources, this conversation explores ownership, history, and the questions that deserve closer examination.