Carmen Li

They're not the latest and greatest at all.

So this also tells you supply-demand curve shifting.

Like, how does that business work?

So this is cooling two different things.

One is

So, for people who come to ComputeChange saying that, hey, I want to, you know, it's you and your cloud provider, right?

If you get a piece of land, you get energy, a co-location, great, congratulations.

Then your option is, number one, should I get the latest and greatest?

The B300, the GBs, the Vera Rubin, wait for a few months?

Or do you want to get ready for the trips and turn around maybe sooner, right?

Then to you, it's become ROI calculation for the most part, right?

What's your expected cost?

you know future revenue generation what's your residual value calculation how much you can purchase by right it's actually pretty simple cash flow based you know i calculation so the way we approach residual value and the referral transaction transaction is you know

Based on ROI, you know, this is your potential breakeven.

Look at the H100, right?

Obviously, you're not going to charge as high as B200, but your cost base is also lower.

So you can do the future as you assume a few years of forward contract you signed in three years, discount the cash flow back.

That's your risk to your value now, right?

So we do that calculation with people so they understand, hey, what's the value

supposed to generate, and then what's the trading in the market prices for refurbished or reused GPU.