{ "cutoff": "2026-10-20", "source_count": 43, "notes": [ "URLs were retrieved by the cutoff; mutable pages are not frozen archives.", "Date field preserves publication, measurement or access date distinctions.", "No screenshot author identity or link was reconstructed when unavailable." ], "sources": [ { "id": "S01", "title": "Silicon Data, H100 Rental Price Index", "date": "2026-10-20", "url": "https://www.silicondata.com/products/silicon-index/h100", "accessed": "2026-10-20", "evidence_class": "INDEX PUBLISHER OBSERVATION", "location": "Dated headline; index description and FAQ", "supports": "H100 neocloud rental index USD 2.85/GPU-hour on October 20.", "limitations": "FAQ gives stale 2.53. Headline is an index observation, not audited collections. Full comparable history unavailable.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 6, 16 ] }, { "id": "S02", "title": "Silicon Data, methodology revision", "date": "2025-12-05", "url": "https://www.silicondata.com/news-room/silicon-data-announces-major-revision-to-a100-h100-rental-indices-launches-first-ever-b200-index-and-introduces-new-hyperscaler-rental-benchmarks", "accessed": "2026-10-20", "evidence_class": "PRIMARY METHODOLOGY ANNOUNCEMENT", "location": "Revised A100 and H100 indices", "supports": "December 2025 coverage and normalization changes.", "limitations": "No historical restatement/vintage bridge recovered; exact 53% trough comparison remains conditional.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 6, 16 ] }, { "id": "S03", "title": "NVIDIA, inference economics", "date": "Accessed 2026-10-20", "url": "https://www.nvidia.com/en-eu/solutions/ai/inference/", "accessed": "2026-10-20", "evidence_class": "COMPANY TECHNICAL CLAIM", "location": "Cost per Token / TCO table", "supports": "HGX H200 versus GB300 NVL72: 54,000 versus 2.8m tokens/s/MW; USD 4.20 versus 0.12 per million.", "limitations": "Matched latency, context, precision, software, utilization and full TCO details incomplete. Rounded H200 arithmetic does not exactly reconcile.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 7 ] }, { "id": "S04", "title": "SemiAnalysis, InferenceX v2", "date": "2026-02-16", "url": "https://inferencex.semianalysis.com/blog/inferencex-v2-nvidia-blackwell-vs-amd-vs-hopper", "accessed": "2026-10-20", "evidence_class": "BENCHMARK AUTHOR", "location": "Unit economics; Hopper/Blackwell; TCO discussion", "supports": "Latency-dependent efficiency improvements and benchmark conditions.", "limitations": "FP8/FP4 differences; random inputs; no prefix caching. Example excludes downtime/underutilization. Paid TCO continuation not reviewed.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 7 ] }, { "id": "S05", "title": "Epoch AI, The plunging price of thought", "date": "2026-09-22; updated 09-23", "url": "https://epoch.ai/publications/the-plunging-price-of-thought", "accessed": "2026-10-20", "evidence_class": "ORIGINAL EMPIRICAL RESEARCH", "location": "Key takeaways; methods and limitations", "supports": "Estimated 47% quarterly fixed-capability inference cost decline.", "limitations": "Benchmark frontier, not a representative customer bill. Chart uses constant-rate illustration, not observed quarterly data.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 5 ] }, { "id": "S06", "title": "Google I/O keynote", "date": "2026-05-19", "url": "https://blog.google/intl/en-africa/products/explore-get-answers/sundar-pichai-io-2026/?hl=en-GB", "accessed": "2026-10-20", "evidence_class": "COMPANY OPERATING CLAIM", "location": "AI momentum across the full stack", "supports": "Monthly all-surfaces 9.7T, about 480T and more than 3.2Q tokens; separate API 19B/minute.", "limitations": "Paid share, workload intensity and realized revenue missing. API and all-surfaces measures cannot be spliced.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 9 ] }, { "id": "S07", "title": "OpenAI, API pricing", "date": "Accessed 2026-10-20", "url": "https://openai.com/api/", "accessed": "2026-10-20", "evidence_class": "OFFICIAL LIST PRICE OBSERVATION", "location": "Frontier models; pricing footnote", "supports": "Luna USD 0.50 and Astra USD 50 per million output tokens; standard processing below 272K context.", "limitations": "Contemporaneous different products, not inflation. Realized discounts and task-equivalent quality not established.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 5 ] }, { "id": "S08", "title": "DeepSeek, DeepInfer deployment Q&A", "date": "Accessed 2026-10-20; mutable main branch", "url": "https://github.com/deepseek-ai/DeepInfer/blob/main/doc/inference_deployment_qa.md", "accessed": "2026-10-20", "evidence_class": "COMPANY TECHNICAL CLAIM", "location": "Introduction; cluster/storage and KV-cache discussion", "supports": "155T tokens/day; USD 38/GPU-hour at valley pricing; significant storage infrastructure.", "limitations": "Mutable main branch; fixed commit not recovered. Fleet count/type, occupancy, billing mix and recognized/collected/imputed basis unresolved.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 10 ] }, { "id": "S09", "title": "SpaceX, Q3 2026 earnings release", "date": "2026-10-20; period ended 09-30", "url": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm", "accessed": "2026-10-20", "evidence_class": "PRIMARY COMPANY RESULTS", "location": "Superintelligence table; capacity footnote", "supports": "Q3 SI revenue 7.560bn, operating income 0.431bn, adjusted EBITDA 4.953bn, capex 16.444bn; 1.7GW installed nameplate September 30.", "limitations": "Unaudited company results. Segment includes advertising/software/compute and Cursor contribution; not a pure external rental business. Nameplate excludes facility overhead and is not consumption.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 11, 16 ] }, { "id": "S10", "title": "SpaceX, June 2026 Form 10-Q", "date": "Period ended 2026-06-30", "url": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm", "accessed": "2026-10-20", "evidence_class": "PRIMARY SEC FILING", "location": "Superintelligence business; cloud contracts; acquisitions", "supports": "xAI wholly owned February 2; cloud cancellation generally possible on 90 days after initial ramp.", "limitations": "June-period disclosure; contract-specific terms may differ. Cannot infer external cash value from internal transfers.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 11 ] }, { "id": "S11", "title": "Benzinga, SpaceX Q3 call transcription", "date": "2026-10-20", "url": "https://www.benzinga.com/news/26/10/62484605/spacex-q3-2026-earnings-call-transcript", "accessed": "2026-10-20", "evidence_class": "SECONDARY CALL TRANSCRIPTION", "location": "CFO Bret Johnsen Q&A; compute and power targets", "supports": "Management under-one-year payback claim; pricing above prior USD 30-50/W; compute and power/cooling targets.", "limitations": "Transcription, not independently checked audio. Annual pricing basis and payback capital/cash-flow definition not established. Targets are management guidance.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 11, 16 ] }, { "id": "S12", "title": "SpaceX, SEC-filed Japan offering disclosure", "date": "2026-06-05", "url": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026041013/japanfwp_06042026.htm", "accessed": "2026-10-20", "evidence_class": "PRIMARY SEC-FILED OFFERING DISCLOSURE", "location": "Anthropic commercial agreement", "supports": "Headline service term through May 2029; 325,000 GPUs and USD 1.25bn monthly; exit after initial three months with 90 days notice.", "limitations": "Headline multi-year value is not irrevocable cash; use exact ramp and exit terms.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 11 ] }, { "id": "S13", "title": "SpaceX, response to SEC staff", "date": "2026-05-07", "url": "https://www.sec.gov/Archives/edgar/data/1181412/000162827926000584/filename1.htm", "accessed": "2026-10-20", "evidence_class": "PRIMARY SEC CORRESPONDENCE", "location": "Response concerning lowest-cost-token statement", "supports": "Lowest-cost-token claim removed; no comparable measure; depreciation described as largest current cost component.", "limitations": "May response describes contemporaneous scope, not an audited October industry ranking.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 11 ] }, { "id": "S14", "title": "IREN, FY26 results", "date": "2026-08-27; fiscal year ended 06-30", "url": "https://irisenergy.gcs-web.com/news-releases/news-release-details/iren-reports-fy26-results", "accessed": "2026-10-20", "evidence_class": "PRIMARY COMPANY RESULTS / GUIDANCE", "location": "Highlights; assumptions and notes 1-5", "supports": "IREN two-year GPU/ancillary payback definition; operating/contracted ARR; funding rates and prepayments.", "limitations": "6% weighted rate excludes fees. ARR is not recognized revenue. Payback does not establish whole-campus equity IRR. Revenue/MW annual basis not explicit.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 13, 14, 16 ] }, { "id": "S15", "title": "CoreWeave, June 2026 Form 10-Q", "date": "Period ended 2026-06-30", "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000366/crwv-20260630.htm", "accessed": "2026-10-20", "evidence_class": "PRIMARY UNAUDITED SEC FILING", "location": "Printed p7 income; pp11-12 cash flows; Notes 2 and 10", "supports": "H1 CFO 3.663bn less cash capex 14.117bn; RPO 103.7bn; debt recourse and maturities.", "limitations": "Corporate investment phase, not mature-cohort return. CFO already reflects interest. Noncash capex liabilities matter.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 14, 16 ] }, { "id": "S16", "title": "CoreWeave, parent guarantee and pledge", "date": "2026-05-15", "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000236/ex102.htm", "accessed": "2026-10-20", "evidence_class": "PRIMARY FILED CONTRACT", "location": "Section 2.1(a-b); Article III", "supports": "CoreWeave DDTL V parent guarantee and pledge.", "limitations": "Subject to legal liability limitations. SPV existence alone does not establish non-recourse financing.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 14, 16 ] }, { "id": "S17", "title": "Cipher, Barber Lake agreement 8-K", "date": "2025-09-25; event 09-24", "url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325012168/dp234624_8k.htm", "accessed": "2026-10-20", "evidence_class": "PRIMARY SEC FILING", "location": "Item 1.01 Recognition and Warrant Agreements", "supports": "Cipher original 168MW IT lease; Google support starts at commencement; default remedies and warrants.", "limitations": "Later amended. Not evidence the campus was delivered. Backstop is conditional, not universal payment insurance.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 14, 16 ] }, { "id": "S18", "title": "Cipher, phase amendment 8-K", "date": "2025-11-20", "url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325015073/dp237633_8k.htm", "accessed": "2026-10-20", "evidence_class": "PRIMARY SEC FILING", "location": "Items 1.01 and 8.01", "supports": "39MW IT expansion; separate phases/rents; 7.125% notes due 2030.", "limitations": "Disclosed delivery targets were not independently confirmed as current operating status.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 14 ] }, { "id": "S19", "title": "Nebius, Microsoft Statement of Work Exhibit 4.4", "date": "Agreement effective 2025-09-07; filed 2026", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926052948/nbis-20251231xex4d4.htm", "accessed": "2026-10-20", "evidence_class": "PRIMARY FILED CONTRACT", "location": "1.1(e-j); section 2; 3.1-3.4", "supports": "Nebius financing, acceptance, delay damages and termination conditions.", "limitations": "Prices/counts/thresholds partly redacted. Contract conditions do not prove a breach.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 14, 16 ] }, { "id": "S20", "title": "Alphabet, Q2 earnings release", "date": "2026-07-22; quarter ended 06-30", "url": "https://s206.q4cdn.com/479360582/files/doc_news/2026/Jul/22/attachments/2026q2-alphabet-earnings-release.pdf", "accessed": "2026-10-20", "evidence_class": "PRIMARY UNAUDITED COMPANY RESULTS", "location": "p9 FCF reconciliation; p8 segment allocation", "supports": "Alphabet Q2 CFO 39.069bn, capex 44.924bn, FCF -5.855bn; TTM FCF 53.273bn.", "limitations": "Group capex is not all AI. Cloud segment economics exclude shared AI R&D.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 16 ] }, { "id": "S21", "title": "NVIDIA, Q2 FY27 results", "date": "2026-08-26; quarter ended 07-26", "url": "https://investor.nvidia.com/news/press-release-details/2026/NVIDIA-Announces-Financial-Results-for-Second-Quarter-Fiscal-2027/default.aspx", "accessed": "2026-10-20", "evidence_class": "PRIMARY COMPANY RESULTS", "location": "Q2 FY2027 summary", "supports": "NVIDIA 89.0bn Data Center revenue and 75% consolidated GAAP gross margin.", "limitations": "Supplier returns are separate from equipment purchasers returns.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 16 ] }, { "id": "S22", "title": "DigitalOcean, Q2 results", "date": "2026-08-04; quarter ended 06-30", "url": "https://www.sec.gov/Archives/edgar/data/1582961/000162828026052135/a2026-q2dopressrelease.htm", "accessed": "2026-10-20", "evidence_class": "PRIMARY SEC-FILED COMPANY RESULTS", "location": "Highlights; p13 FCF reconciliation", "supports": "DigitalOcean revenue about 281m; adjusted FCF 60.585m.", "limitations": "Broader company service mix; not an isolated inference profit margin. Selected-customer token growth is not market elasticity.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 16 ] }, { "id": "S23", "title": "GE Vernova, Q2 results", "date": "2026-07-22; quarter ended 06-30", "url": "https://www.sec.gov/Archives/edgar/data/1996810/000199681026000147/gevpressrelease2q26.htm", "accessed": "2026-10-20", "evidence_class": "PRIMARY SEC-FILED COMPANY RESULTS", "location": "pp1-2; Power; cash flow", "supports": "GE gas firm backlog 53GW plus slot reservations 63GW.", "limitations": "Reservations are not firm backlog or delivered power; not all commitments relate to AI. Cash flow includes working-capital effects.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 16 ] }, { "id": "S24", "title": "IEA, Key Questions on Energy and AI", "date": "2026-04-16", "url": "https://www.iea.org/reports/key-questions-on-energy-and-ai/executive-summary", "accessed": "2026-10-20", "evidence_class": "PRIMARY ENERGY RESEARCH / FORECAST", "location": "Electricity demand summary", "supports": "Global data-center electricity 485TWh estimated 2025; 950TWh forecast 2030; AI-focused demand more than triples.", "limitations": "All data centers are not all AI. Forecasts are conditional, not observed 2030 consumption.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 13 ] }, { "id": "S25", "title": "IEA, Powering Artificial Intelligence", "date": "2026-10-14", "url": "https://www.iea.org/reports/powering-artificial-intelligence/executive-summary", "accessed": "2026-10-20", "evidence_class": "PRIMARY ENERGY RESEARCH", "location": "Executive summary; connection capacity and load ramps", "supports": "Duplicate/speculative connection requests; phased ramp-up and non-firm curtailment trade-offs.", "limitations": "Hosting capacity or requested GW is not installed, energized or accepted AI compute.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 13, 16 ] }, { "id": "S26", "title": "LBNL, US Data Center Energy Usage: 2025 Update", "date": "2026-06", "url": "https://datacenters.lbl.gov/publications/united-states-data-center-energy-2025", "accessed": "2026-10-20", "evidence_class": "PRIMARY GOVERNMENT-LAB RESEARCH / FORECAST", "location": "2025 update summary and scenarios", "supports": "US data-center 2030 reference 649TWh; range 521-843TWh.", "limitations": "Different geography/methodology from global IEA; forecast not an observed load.", "access_status": "Retrieved and reviewed", "used_in_sections": [] }, { "id": "S27", "title": "PJM, large-load vetting", "date": "2026-09-29", "url": "https://insidelines.pjm.com/pjm-kicks-off-annual-process-of-vetting-large-load-requests/", "accessed": "2026-10-20", "evidence_class": "GRID OPERATOR STATEMENT", "location": "Large-load vetting and next forecast", "supports": "PJM requests duplicate-load checks; next forecast January 2027.", "limitations": "PJM does not own a single generator-style load queue. Proposed loads need utility-level verification.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 13, 16 ] }, { "id": "S28", "title": "DOE, Distribution Transformer webinar transcript", "date": "2026-03-05; historical lead-time data", "url": "https://www.energy.gov/oe/distribution-transformer-webinar-text-alternative", "accessed": "2026-10-20", "evidence_class": "GOVERNMENT WEBINAR / HISTORICAL OBSERVATION", "location": "Distribution transformer lead-time discussion", "supports": "Historical 2024 lead times one to two years versus 2019 three to six months.", "limitations": "Not an October 2026 quote for every project or transformer type.", "access_status": "Retrieved and reviewed", "used_in_sections": [] }, { "id": "S29", "title": "Brynjolfsson, Li, Raymond, Generative AI at Work", "date": "Revised 2024-11-06", "url": "https://arxiv.org/abs/2304.11771", "accessed": "2026-10-20", "evidence_class": "ORIGINAL EMPIRICAL STUDY", "location": "Abstract and main results", "supports": "5,172 support agents; approximately 15% average productivity improvement with heterogeneous effects.", "limitations": "Task-specific study; not a universal profit or electricity result.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 5, 16 ] }, { "id": "S30", "title": "METR, productivity experiment update", "date": "2026-02-24", "url": "https://metr.org/blog/2026-02-24-uplift-update/", "accessed": "2026-10-20", "evidence_class": "ORIGINAL RESEARCH UPDATE", "location": "2026 experiment update; selection concerns", "supports": "Earlier measured coding slowdown should not be applied mechanically to current tools; newer causal magnitude uncertain.", "limitations": "Participation/selection changes constrain inference. No universal productivity estimate.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 5, 16 ] }, { "id": "S31", "title": "The Buildout, The Operators", "date": "Accessed 2026-10-20", "url": "https://thebuildout.co/learn/encyclopedia/the-operators", "accessed": "2026-10-20", "evidence_class": "SECONDARY INDUSTRY ANALYSIS", "location": "What operators do; three tiers", "supports": "Taxonomy of integrated clouds, GPU specialists and mining-site conversions; paid utilization.", "limitations": "Framework, not independent proof of specific company returns. Rental contracts vary in power inclusion.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 3 ] }, { "id": "S32", "title": "The Buildout, The Queue", "date": "Accessed 2026-10-20", "url": "https://thebuildout.co/learn/encyclopedia/the-queue", "accessed": "2026-10-20", "evidence_class": "SECONDARY INDUSTRY ANALYSIS", "location": "Interacting bottlenecks; critical path; permitting", "supports": "Coordination of grid, equipment, cooling, network, permits and labor.", "limitations": "Exact lead times and cancellation rates require primary project evidence.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 13 ] }, { "id": "S33", "title": "The Buildout, The Money", "date": "Accessed 2026-10-20", "url": "https://thebuildout.co/learn/encyclopedia/the-money", "accessed": "2026-10-20", "evidence_class": "SECONDARY INDUSTRY ANALYSIS", "location": "Who is paying; circular financing", "supports": "Distinguishes funding providers, capital transfers and ultimate customer demand.", "limitations": "Do not adopt blanket claims of self-funded hyperscalers or universal investment-grade-only mandates.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 3 ] }, { "id": "S34", "title": "The Buildout, IREN company profile", "date": "Updated 2026-10-19; accessed 10-20", "url": "https://thebuildout.co/company/IREN", "accessed": "2026-10-20", "evidence_class": "SECONDARY / AI-GENERATED COMPANY PROFILE", "location": "Verdict; capacity/funding; supply chain", "supports": "Discovery questions about IREN financing, ARR and capacity.", "limitations": "FY2025 net-income summary conflicts with primary release; primary source controls.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 13 ] }, { "id": "S35", "title": "Silicon Data, H200/H100 May-July observations", "date": "2026-08-04", "url": "https://www.silicondata.com/blog/h200-vs-h100-rental-prices-may-july-2026", "accessed": "2026-10-20", "evidence_class": "INDEX PUBLISHER OBSERVATIONS", "location": "Opening paragraph; Twelve Weeks section", "supports": "May 4 and July 27 H100/H200 rental snapshots.", "limitations": "Published snapshots, not full daily series. H200 coverage began May 4; launch timing differs.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 6 ] }, { "id": "S36", "title": "Silicon Data, B200 rental update", "date": "Page dated 2026-09-24; mixed body dates", "url": "https://www.silicondata.com/blog/b200-rental-price-august-2026-update", "accessed": "2026-10-20", "evidence_class": "INDEX PUBLISHER OBSERVATIONS", "location": "Index definition; term structure; generational spread", "supports": "B200 July 27; all three generations September 7; term quotes.", "limitations": "Page/body dates differ. Text saying all terms below spot contradicts 3-month 5.73 versus spot 5.69; not repeated.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 6 ] }, { "id": "S37", "title": "Ephesus Research methodology", "date": "Version 1.0, 2026-08-02", "url": "https://www.ephesusresearch.com/methodology", "accessed": "2026-10-20", "evidence_class": "EDITORIAL METHODOLOGY", "location": "Evidence separation; model review and financial boundaries", "supports": "Ephesus style: separate fact, guidance, inference and assumptions; gates and dilution.", "limitations": "Methodology provides framing, not evidence for market claims. No existing model/review status changed.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 1 ] }, { "id": "S38", "title": "Silicon Data, regional H100 prices", "date": "2026-07-31; partial Q3 observations", "url": "https://www.silicondata.com/blog/h100-rental-prices-by-region-q3-2026", "accessed": "2026-10-20", "evidence_class": "INDEX PUBLISHER ANALYSIS", "location": "Compression by region; coverage note", "supports": "Regional hyperscaler H100 declines 26-54% from Q1 2025 to partial Q3 2026 coexist with neocloud recovery.", "limitations": "Partial quarter, mixed coverage and segment differences; not a causal estimate.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 6 ] }, { "id": "S39", "title": "UKERC, The Rebound Effect", "date": "2007-10", "url": "https://ukerc.ac.uk/publications/the-rebound-effect-an-assessment-of-the-evidence-for-economy-wide-energy-savings-from-improved-energy-efficiency/", "accessed": "2026-10-20", "evidence_class": "RESEARCH SYNTHESIS", "location": "Definitions and evidence on direct/indirect/economy-wide rebound", "supports": "Distinguishes savings, partial rebound, full rebound and backfire.", "limitations": "Historical literature does not estimate a current AI-specific elasticity.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 8 ] }, { "id": "S40", "title": "The Buildout, IREN FY26 earnings recap", "date": "Results dated 2026-08-27; accessed 10-20", "url": "https://thebuildout.co/earnings/recap/IREN/CY2026Q3-FY2026Q4", "accessed": "2026-10-20", "evidence_class": "SECONDARY EARNINGS ANALYSIS", "location": "Implications for buildout; supply-chain impact", "supports": "Cross-check for IREN commissioning, Dell demand and competitor-capacity questions.", "limitations": "Results date is not established page publication date. Supply-chain implications are analysis, not disclosed purchase orders.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 13 ] }, { "id": "S41", "title": "SpaceX, official Q3 earnings event", "date": "2026-10-20", "url": "https://ir.spacex.com/events/event-details/2026/Q3-2026-Earnings/default.aspx", "accessed": "2026-10-20", "evidence_class": "OFFICIAL EVENT PAGE", "location": "Q3 earnings call webcast link", "supports": "Confirms official SpaceX earnings-event availability.", "limitations": "Event page retrieved; underlying audio/video was not reviewed. Payback wording relies on S11 transcription.", "access_status": "Event page only; no A/V review", "used_in_sections": [ 11 ] }, { "id": "S42", "title": "Silicon Data, H200 current index", "date": "2026-10-20", "url": "https://www.silicondata.com/products/silicon-index/h200", "accessed": "2026-10-20", "evidence_class": "INDEX PUBLISHER OBSERVATION", "location": "Dated headline", "supports": "H200 USD 3.53/GPU-hour October 20.", "limitations": "Undated FAQ stale at 3.10; not an audited collected price.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 6 ] }, { "id": "S43", "title": "Silicon Data, B200 current index", "date": "2026-10-20", "url": "https://www.silicondata.com/products/silicon-index/b200", "accessed": "2026-10-20", "evidence_class": "INDEX PUBLISHER OBSERVATION", "location": "Dated headline", "supports": "B200 USD 6.14/GPU-hour October 20.", "limitations": "Undated FAQ stale at 5.45; not an audited collected price.", "access_status": "Retrieved and reviewed", "used_in_sections": [ 6 ] } ] }