Michael Intrator

“We have dropped our cost of capital by 600 basis points over the last two years. You're seeing a company driving its cost of capital down towards where the hyperscalers borrow — which will enable us to be competitive with them over time.”

A bold claim that a startup can structurally close the financing gap with Amazon, Google, and Microsoft — challenging the assumption that hyperscalers have an insurmountable capital cost advantage.

Michael Intrator

“It is extraordinarily profitable. It's very accretive to my company to continue to keep the infrastructure that's been up and running. As it becomes available, I'm still able to sell it at a higher price than it was a year ago.”

Reveals that aging GPU infrastructure is appreciating rather than depreciating — a counterintuitive dynamic that upends standard assumptions about hardware economics.

Michael Intrator