$CRWV Q&A | Queued buyers could absorb all capacity; purchase orders placed when cloud contracts are signed Management said current buyers in the queue could buy all of the company’s capacity. The company is choosing to wait patiently and bring capacity to market when some infrastructure development is more mature, seeking better economic returns. Exact quote: “We could sell all of the capacity that we have to current buyers that are in the queue.” Asked how it controls cost increases between signing and delivery, management explained that it places corresponding purchase orders and locks in pricing when signing customer contracts. The customer’s data center, site costs and operating expenses are already defined at signing. Exact quote: “As we sign customer contracts, we also place the corresponding POs and lock in the pricing.” Industry implications: Strong demand gives platforms capable of delivery room to choose when to sign contracts; customer contracts also translate into equipment purchase orders at the same time. For the AI buildout supply chain, tracking newly signed contracts and corresponding procurement is closer to actual order placement than looking only at capacity plans.