Michael Intrator

Then what I do is I create something, it's not a particularly creative name, it's called the box.

And what I do with the box is I take my contract with Microsoft and I put it in the box.

And what I do with the box is I take my contract with Microsoft and I put it in the box.

I go to Jensen and I buy the GPUs, I put it in the box.

I go to Jensen and I buy the GPUs, I put it in the box.

I take my data center contract, I put it in the box.

I take my data center contract, I put it in the box.

And now the box governs cashflow.

And now the box governs cashflow.

And it has a waterfall of cashflow that comes into it and goes out of it.

And it has a waterfall of cashflow that comes into it and goes out of it.

And so the way it works is then I build the compute and then I deliver the compute to Microsoft and they pay the box.

And so the way it works is then I build the compute and then I deliver the compute to Microsoft and they pay the box.

They don't pay me.

They don't pay me.

It goes into the box.

It goes into the box.

And the first thing it does is it pays the data center.

And the first thing it does is it pays the data center.

It pays the power bill.