Good correction from @Agrippa_Inv: $SPCX and Anthropic is $30/MW. The 50 figure is from incorrectly taking the minimal denominator of “atleast 300MW”. Contract economics is determined by how tight the market is. Current trend is waiting is good and backlogs are bad because the market is getting tighter. Time for contract signs matters more than big name labs, cool sounding enterprises. At the end of the day Anthropic/OpenAI will be able to outbid any smaller enterprise. The market just has to be tight.
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