Kevin O'Leary

Elevate Strategies.

Taking the content.

from the CPP repurposing it and jamming it down the throats of people in Utah on my social media feed and lots of other feeds.

No, no, that's right.

That's right.

When you buy land in Utah, there are water rights that were granted that land sometimes over 100 years ago.

You have to apply for a permit, a usage permit for that water.

So if it was once used for one purpose and you want to change the purpose to industrial, let's say in the case of a data center or power generation, you have to apply for the permit.

Usually what happens, if it was grazing and it was 100% you could use, they may change that and knock it down by 40% to 60%.

But there's water already on that property already being used right now.

We're just repurposing that water for a different purpose.

It's not like we're going to draw water from somewhere else.

We couldn't use the land if it had no water.

We couldn't even have a toilet in the men's room if we didn't have any water.

No, actually, probably not.

It depends.

Tucker, the way it works is, let's say your prime tenant is Google.

They come along and they say, okay, we want to be the tenant for the Utah site.

But we have a whole bunch of requirements because they're under pressure, too, to be a lot more efficient, productive, and more sustainable.

They may say, well, let's not use water to cool our turbines.