⚡ AI stocks can rebound overnight. Megawatts cannot.
💰 On November 6, Crusoe confirmed that Google acquired its southeast Wyoming data center site. Google’s separate $17 billion announcement concerns the broader planned Wyoming investment, not the undisclosed property purchase price.
🔌 Also on November 6, PPL described approximately 2 GW of prospective generation for QTS in Pennsylvania. The proposed 20 year commercial term sheet is NONBINDING, even though a separate development cost reimbursement agreement is executed.
The investment test is not how much power appears in the pitch. It is whether land, permits, energy delivery and end customer…
The skinny
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