BitTorrent
@BitTorrent
Building a better Internet for people to move information freely and safely.
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Joined April 2009
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A distributed grid doesn't have a bond maturity date. Idle P2P silicon always outlives leveraged data centers.
Pretty much.
As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers.
SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue.
That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.
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