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TeraWulf $WULF CFO Patrick Fleury: "It's not a zero sum game.. All these megawatts are going to get leased." $WULF $CIFR $CORZ $GLXY $HUT $CLSK

Rittenhouse Research

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14,663 views • 6 days ago •via X (Twitter)

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124,595 views • 5 months ago

ELON: THE ECONOMY IS NOT A ZERO-SUM GAME “I think generally, people should always be wary that they may have, either consciously, or perhaps mostly subconsciously, internalized the notion of a zero-sum game, or a fixed pie. And if you internalize that, everything is zero-sum, meaning in order for me to get ahead, someone else has to not get ahead or for me to have stuff, someone else must not have stuff, if you have that axiomatic flow, then what it needs to be done is to fix that axiomatic flow, because it is false. It's not a zero-sum game. We can absolutely grow, and have grown, and the evidence is overwhelming, that we have grown the output of goods and services. We have many things today that we did not have in the past. We are far more prosperous. All of humanity is far more prosperous today than it was at times in the past.” European Jewish Association, 2024, Elon Musk

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Interesting to hear OpenAI Head of Compute Sachin Katti Sachin Katti explain why inference workloads will still be served from giant data centers in Texas rather than smaller edge locations.. The inherent scale benefits of large DCs + lack of available labor makes building smaller DCs closer to major metros inefficient and uneconomic. "There are still significant benefits to scale on building this compute. Building 50MW of compute is far more expensive per MW than building a GW of compute at one location.. Labor is a big bottleneck around the world today especially in the US. We just don't have enough people to build these things. So getting the kind of critical human mass you need to build, you would much rather do it for a bigger scale than for little bits of 50MW spread around the country." Seems like the robust growth for DC developers like Core Scientific, Galaxy, TeraWulf, Cipher, etc. will persist for the foreseeable future, despite initial concerns that the current large scale build-outs in places like West Texas were a one-off occurrence. $CORZ $GLXY $WULF $CIFR $HUT

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116,034 views • 7 months ago

Gallego: It's not going to be Trump’s kids that are going to be going to these wars. It's going to be another Ruben Gallego… it's going to be another Navajo friend of mine that's going to go fight these wars of these rich men just to fill a hole that he has in his soul.

Gallego: It's not going to be Trump’s kids that are going to be going to these wars. It's going to be another Ruben Gallego… it's going to be another Navajo friend of mine that's going to go fight these wars of these rich men just to fill a hole that he has in his soul.

Acyn

66,997 views • 6 months ago

TeraWulf $WULF CFO Patrick Fleury states that either NVIDIA, Amazon, or Google will backstop Anthropic's lease payments to TeraWulf at their 401MW Kentucky data center, unless Anthropic itself goes public and establishes a "really strong" investment grade credit rating in the near-term. "In the press release, we said that the lease payments will be backed by investment grade credit support. And we chose that language very carefully.. because one of two things is going to happen. First off, Anthropic, just like OpenAI and others uses three primary chip providers. NVIDIA, Amazon, and Google. One of those three will be providing the chips for this data center. So we will either do something similar that we've done in the past where one of those investment grade providers provides credit support to the project because they're selling tens of billions of dollars of chips into the project. Or if we decide not to do that because Anthropic gets public similar to SpaceX and similar to SpaceX has a strong investment grade credit rating, then you don't need the investment grade credit wrap from one of the bigger guys."

TeraWulf $WULF CFO Patrick Fleury states that either NVIDIA, Amazon, or Google will backstop Anthropic's lease payments to TeraWulf at their 401MW Kentucky data center, unless Anthropic itself goes public and establishes a "really strong" investment grade credit rating in the near-term. "In the press release, we said that the lease payments will be backed by investment grade credit support. And we chose that language very carefully.. because one of two things is going to happen. First off, Anthropic, just like OpenAI and others uses three primary chip providers. NVIDIA, Amazon, and Google. One of those three will be providing the chips for this data center. So we will either do something similar that we've done in the past where one of those investment grade providers provides credit support to the project because they're selling tens of billions of dollars of chips into the project. Or if we decide not to do that because Anthropic gets public similar to SpaceX and similar to SpaceX has a strong investment grade credit rating, then you don't need the investment grade credit wrap from one of the bigger guys."

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15,665 views • 1 month ago