What Contracted Power Actually Means and What is Available for New Contracts
by Brian Wang from NextBigFuture.com on (#77HTY)
It is a procurement metric, not a sales metric. There are three separate stacks and the industry deliberately blurs them. CoreWeave's 3.5 GW contracted power and its $99.4B backlog are two different books. How tightly is the second mapped onto the first. They are very tightly, by design, because layer 3 is the collateral for ...