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Open original source ↗Standing up a next-gen data center is no joke. While it may seem like the big boys will backstop you - they really won’t. And they have big expectations based on their history of execution - ie they are good at this so they expect the same from others.
If you can’t live up to their expectations, the liquidated damages clauses, alone, can bankrupt a neoscalers. Then you can also loose your IG wrapper which can do it as well.
Net/net, lots of upside if you get it right but this isn’t for the faint of heart.
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So Crusoe did not pause the 1.8GW datacenter development at the request of a hyperscaler after all “In reality, Crusoe is being pushed aside, people familiar with the situation said. The company tried and failed to lock in customers including Alphabet Inc.’s Google at the site, the people said. The talks with Google stalled after the technology giant raised concerns about the costs and timetable under Crusoe’s watch, some of the people said, asking not to be identified because the information isn’t public.“ $BKH is continuing the project forward with $GOOG, and without Crusoe as a development partner
negligible_cap ↗