Moody's warns: Data center "energy consumption trend" may become a new hidden worry for local finances, tax incentives may lead to massive losses.

The Finance and Economics App learned that a recent report released by Moody's ratings agency pointed out that the rapid expansion of data center projects across the United States, along with their massive consumption of electricity and water resources, is gradually posing potential risks to the creditworthiness of states and local governments in the United States.