Smaller customer dont want to take on large obligation, fee per month for computation infrastructure

Players in the field

lease type

business model

growth prospect

Fiber connectivity

Server located all over geographies

mechanical/electrical infrastructure

plumbing

Customer pays for CPU/GPU

AirTrunk: space and power, focus on hypercale - much more scalable - have so much cash tha they are creditworthy - not default on leases. cash on cash yield and high EBITDA margin

1. Data center

• Retail Co-location
• Hyperscale = big tenants, really good low-cost financing. Core + Shell development model. concrete + power shell. MEP Mechanical, electrical, big tenant has specified need: Microsoft might have specifications need this cooling system

rock density = how much power can you put into a given server