on the one hand Bitcoin we've seen the price Skyrocket you have companies like micro strategy going out into the market and looking to snap up all the available Supply as quickly as it comes online seems like a very big opportunity it's where your roots are and then on the other side even just this hour with some of the earnings we got the fact that AI seems to be materializing in a more meaningful way across companies whether in the case of just this hour we heard about it from Salesforce we heard about it from Marvel technology
from box how are you thinking about these two different businesses and how they coexist yeah it's a great question and thanks for having me Morgan uh six years ago when my brother and I set up iron it was done on the premise of this Digital World Revolution we're going through so the whole world Zone going online the digitization Thematic um we quoted movies like The Matrix Ready Player one as a society we're heading that way directionally and for us it was all about tying up the scarce resource power land Data Center capacity because fundamentally what
you're dealing with in the digital world is exponential growth compound growth formulas where adoption curves go vertical overnight whether it's Bitcoin being zero 15 years ago to a trillion dollar asset today whether it's AI a year ago not been spoken about much to the next biggest thing and ultimately leveraging a real asset base power land infrastructure in two of the most into two of the most exciting exponential themes that I think will Define the next decade is super exciting so how quickly can you lock up power land and some of these finite resources I mean
we just mentioned the fact that you brought some more capacity online for Bitcoin mining but how much more can you bring on a lot um we've been planning for years we've locked up 2.3 GW of power and land uh over the last few years at one site 1.4 gaw recently announced in Sweetwater Texas 1.4 gaw today would represent one of the largest data center markets in the the world not projects markets it is enormous I think the only larger market that exists today would be that of Northern Virginia so how far out is the risk
of overbuilding with all of this Ai and crypto excitement and overleveraging in the process so that's the funny thing I'm talking about really big numbers relative to where the industry is now but we're talking about requirements of 50 gaw 50 GW by 2030 of new AI Data Center capacity according to kiny what we've got despite it being really big in relative to the existing capacity today it's a drop in the ocean relative to where we need to go and this is the whole real world Digital World dislocation you've got these exponential growth drivers in the
digital world AI Bitcoin whatever's around the corner but the ability to service that is dictated by real world challenges and there becomes an inflection point where the real world can no longer scale exponentially you cannot click your fingers and come up with tens of GW of power and land you cannot plug a computer into a high voltage transmission line and this time to power narrative it's absolutely real it is taking longer it is getting harder to build all this real world infrastructure to service these digital exponential trends
