He named the resource. Land, power and shell. His own sentence is the one worth keeping: the site is long-lived, the compute inside can be upgraded repeatedly. That asymmetry is the whole trade. Twenty years at 4.25 IT-gigawatts is several generations of GPU. It is one set of substations. The compute gets swapped. The switchgear does not. So the question is who builds the part that stays. The release already prices it. At least 10 gigawatts of new generation to produce 8 IT-gigawatts of AI factory capacity, plus at least 4.2 billion dollars of new regional grid infrastructure with AEP Ohio. The distance between the 10 and the 8 is not rounding. It is conversion, distribution and cooling, and every piece of it is equipment somebody has to build before a single token is served. One data point from Tokyo yesterday. A Japanese maker of substation and switchgear equipment is cutting semiconductor capex 42 percent this fiscal year and raising energy capex 128 percent, with the company total flat. The stated reason in its own filing is construction of data centers and semiconductor plants. Not that it supplies Ohio. It is reading the same demand curve. Worth noting who owns the shell. SB Energy builds, owns and operates the site, and it sits inside SoftBank Group (TSE: 9984). Son is quoted in the release. The compute is American. The landlord is not. What I cannot tell you is who supplies PORTS-Pike. That is not public. He is securing twenty years of power. Someone has to build it first, and that spending is already sitting in filings.