As seen on HN a few days ago, immersion cooling is dead: turns out the risks of getting sued to oblivion due to widespread PFAS contamination isn't worth it. [0]
DC doesn't have such a killer. There are a decent bunch of benefits, and the main drawback is gear availability. However, the chicken-and-egg problem is being solved by hyperscalers. Like it or not, the rank-and-file of small & medium businesses is dying, and massive deployments like AWS/GCP/Azure/Meta are becoming the norm. Those four already account for 44% of data center capacity! If they switch to DC can you still call it "specialty kit", or would it perhaps be more accurate to call it "industry norm"?
It is becoming increasingly obvious that the rest of the industry is essentially getting Big Tech's leftovers. I wouldn't be surprised if DC became the norm for colocation over the next few decades.
[0]: https://thecoolingreport.com/intel/pfas-two-phase-immersion-...
They poison water supplies, knowingly, for decades, and it only takes $12 billion dollars to finally get them to stop?
Fucks sake.