Things get magnitudes harder and more expensive for a neocloud like CoreWeave ( or a counterparty ), or a data center SPV, or anyone that isn’t backstopped by a hyperscaler, like Google’s backstop of Cipher Mining’s data center for Anthropic . The AI company has been in advanced talks to lease the site for several weeks, people familiar with the matter said. Even if it did, neither company named SB Energy has ever actually built a data center, and to my knowledge, nobody has gotten close to building a 10GW data center. Based on TD Cowen estimates, a 70MW data center would cost about $3 billion including chips and construction. There’re a few problems with this approach:As mentioned, the more they buy, the more they lose.