I really hope $NBIS is doing some of the asset light deals they announced this summer which included brief commentary on the Q2 earnings call… we still have limited information on the structure of these deals and the potential impact on ARR … but this is the perfect time to partner with smaller neoclouds and bare metal PSPs that have spare capacity to help them get $40-60M per MW using the $NBIS tech stack… because the compute market is obviously very tight while demand remains very strong… I suspect supply will get even tighter and compute will get even more expensive once the VeraRubin’s start to hit the market.
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