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Re:Tell HN: I got 10x Hetzner storage at the same price by iforgotpassword on Saturday February 19, 2022 @12:53PM (#30398974)
They are cheap because they are huge, and because they design almost everything themselves, from rack sizing to cases to cooling systems.

der8auer has a somewhat recent video on yt about one of their data centers for the curious.

Re:Tell HN: I got 10x Hetzner storage at the same price by lcampbell on Saturday February 19, 2022 @01:15PM (#30399153)
Direct link: https://www.youtube.com/watch?v=5eo8nz_niiM

Really enjoyed the video, thanks for the suggestion!