Dylan Patel

Power doesn't go up.

Whatever.

And then you have like the regulations around it.

How can I build a data center in this density?

Because now all of a sudden the grid's like, so this has happened in Texas, ERCOT, and it's happening in PJM, Northeast kind of area-ish.

These two grids are putting these rules where, hey, we're going to actually say, hey, big loads, we can tell you 24 hours or 72 hours beforehand, we're going to cut off half your power, which is fine, right?

Yeah, like people, people need to have their homes powered.

So anyways, like it's like in Texas and in PJM, you can cut half the power if you give them a notice.

This is SB6 in Texas and PGM's considering it.

If you do that, then you need to turn on the generators that are there on the site.

It's often diesel generators, maybe it's gas, maybe it's like hydrogen stuff.

There's all sorts of weird stuff people try to do just to ramp up power for that period of time.

But then all of a sudden, oh crap, the density of my generators means that I fail the air permit if I run the generators for more than eight hours a month.

So now what do I do, right?

It's like, there's all these like weird regulations, even if it's like Texas.

There's like so much interesting stuff happening because we've decided to build again.

It's really fun that watch it and then watch the supply chain and try and like, from my perspective, provide the data so people can trade on or provide the data so people can adjust their supply chains industry wise.

Right.

And, you know, people who go to your audience, they can trade on it.

When you look at China, they're a very formidable competitor.