That company buys new tapes every year at a rate that is a non-trivial percentage of that ?

Or does it rotate the tapes?

128EB of which only a tiny fraction is utilized. I imagine most tapes only get written to multiple times, but never read from. We’re supposed to restore from backup periodically to ensure the process is working but I’ve never seen EVERY backup being tested

This is because tape as a percentage of the DC storage market is dwindling.

There are single hyperscalars that buy more than this much capacity in HDD in a single quarter.