*DATA CENTER DEVELOPER CRUSOE PAUSES AI PROJECT IN WYOMING
Crusoe, a data center developer for hyperscalers, announced they’re pausing development activities of a 1.8GW campus in Wyoming at the request of its customer.
“Crusoe was working with Blackstone Inc.-backed energy company Tallgrass to develop a 1.8-gigawatt campus in Cheyenne, Wyoming, for an undisclosed tenant. “At the request of our customer, Crusoe has paused its development activities” on the site, the company said Tuesday in a statement.””
Customer likely a hyperscaler hitting the pause button. At least partially being attributed to tech dump
What we are seeing today is probably that CTAs are slamming the sell-button on Chips, which kinda makes sense after what happened on Friday. It's more technical in nature, but the market environment changed a bit after Friday for sure
China 🇨🇳 is preparing a ~$295B, 5-year plan to build a nationwide AI data center network. State firms would operate much of the infrastructure, with Beijing aiming to source 80%+ of key tech from local suppliers like Huawei, squeezing out $NVDA and $AMD.
It’s baffling how few people study market maker algos Jane Street absolutely rapped wintermute in crypto and now run the 7am PST whipsaw in equities it’s the same moves