The End of Digital Feudalism
The AI infrastructure debate is stuck in the wrong century.
Bloated hyperscalers are marching around like digital landlords, pouring concrete fortresses in the middle of nowhere and calling it “innovation.” Meanwhile, a new class of neoclouds is quietly spinning up next‑gen, hyper‑efficient data centers right where the workforces and workloads actually live.
We’re unlocking trapped power across the US, running closed‑loop water systems, and doing it with economics that make the old model look insane. Think double‑digit IRRs and a levered MOIC north of 23x.
If you still think the future…
The skinny
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