Wes Cummins

And then as we go forward, we should add more contracts and more contracts.

But you should think about it, the debt load in a future cash flow scenario once these buildings are online, not what our last quarter said.

Yeah.

So hard for it to go sour with the way these these contracts are.

you know, 600 pages.

They're huge.

And we spend a ton of time negotiating these so that you kind of cover every contingency possible.

Now we have to perform.

You always have to perform on contracts.

So we have that part.

But CoreWeave is now just under 50% of the revenue.

So they're 11 billion out of the 23 and a half billion.

And I said on our last earnings call, look, the goal for us is to get investment grade hyperscalers to

uh 70 of total contracted revenue so that that means i need to get my total contract revenue to just above 36 billion dollars right that's that's how the math works and so working on that i think we we see that here in in the in the near future for us and so we just keep adding new customers all we're focused very much on investment grade at this point now over time

We want to keep that balance.

And why do you want to keep that balance?

And here's the whole key for me for the 70-30.

At 70% investment grade and 30% non-investment grade, I get my whole portfolio basically treated as investment grade.

So that lowers my cost of capital significantly.

And at the end of the day, this is a game of what's my yield on asset?