Capital Logic Bundle

This bundle will give you a coherent orientation to how capital actually behaves in digital infrastructure markets, before demand, before utilization, and before operations look clean on paper. It explains why data center capital moves early, how power is committed and priced contractually rather than technically, and why utilization rarely flips from idle to optimal in neat steps.

Taken together, these reports show how infrastructure physics, permitting timelines, and contract structures shape capital decisions long before outcomes are visible. You’ll come away with a clearer mental model for interpreting early-stage capacity, partial utilization, and apparent inefficiencies that are often misunderstood as risk.