Land and power do matter. When NBIS CEO says only 1% DC is capital expenditures, what he means is 80-90% of $NBIS datacenters are leased so it will not show in capex, but cost of revenue.

Big thanks to Late Stage Capitalism for finding a large error on my Horizon 5-10 calculations. In calculating the additional profit for the second contract having a higher topline per GPU than the second contract, I did not divide by 5 years. This is a large error as it brings the

Past yr @ Meta AI: Got surpassed by all the Chinese open src AI labs Found out it's a bad idea to make AI servers in the heart of CJNG territory Way overpaid for grifter Alexandr Wang & scale Spent billions to poach AI talents Way overpaid for DC supply chain to try get DC built

Plenty of things going on in this $crwv video. 1. Ceo is clearly panicking 2. They are neither good at building or acquiring power. 2. Last 15 second, he is asked what the hell are you good at? Ceo said, we are good at software orchestration. Interesting he only said

WULF will provide the Colocation for Anthropic or part of their power needs. Anthropic are just trying to find middlemen to trim since Hyperscalers take up too much margin for providing orchestration software which Anthropic doesn’t need. At the end of the day, DC will be

$IREN is being dumped, I see that. But you know how many institutional investors I spoke to, that were worried about the valuation? You know how long a company can stay in a pipeline or watchlist, because the Bloomberg terminal says the PE is high? This is the discount they

I said earlier this week that I don’t see an AI bubble at the hyperscaler level. I wanted to adress it again pointing to Beth Kindig letter that is published today and points out exactly what i said earlier. People keep repeating that “it’s all cash-backed capex,” which true but