@beffjezos The deal is just literally short-term as a statement of fact. It may be renewed at a lower price, the same price, a higher price or it may end.
For what itโs worth, the short deal length was our request, not theirs, as I thought we might need the compute back at some point.
People are overthinking the 32 BTC sale.
โWhy sell?โ
โWhy not just buy less next week?โ
โIs this bearish?โ
Michael @saylor already explained the logic:
โข If Bitcoin canโt be sold, critics say it has no value.
โข If it has no value, the balance sheet value is zero.
โข If the balance sheet value is zero, credit rating agencies ignore it.
โข So you sell a tiny appreciated portion to prove Bitcoin is liquid, valuable, and real.
This is absolutely insane.
If you invested $3,000 in Tesla's IPO in June 2010, you'd be a millionaire today.
If you invested the same $3,000 in $BTC that same month, you'd have $5.35 BILLION today.
$IBM just did something most people haven't fully processed yet.
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Anderon isn't just a quantum lab. It's a foundry. A pure-play, open-access, 300-millimeter quantum chip fab built specifically to manufacture for the entire industry, not just IBM.
Sound familiar? It should.
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This is exactly how $TSMC was set up. TSMC doesn't compete with its customers. It manufactures for them. $AMD, $AAPL, $NVDA all design chips and send them to TSMC to be built. That model made TSMC the most strategically valuable company in semiconductors.
IBM is running the same play in quantum.
Quantinuum ($HON spin-off), $RGTI , Atom Computing.. these companies now have somewhere to actually build serious chips at scale. Before Anderon, your options were an academic cleanroom or IBM's own internal fab. Neither works at production scale.
The 300mm piece matters more than people realize. 300mm produces device output 30x faster than 200mm fabs. Not 30% faster. 30 times. That's the iteration speed that collapses the R&D timeline from decades to years.
$1B from the U.S. government. $1B matched by IBM. Albany, New York. America's first purpose-built quantum foundry.ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย
IBM already has 90+ quantum systems deployed globally, more than every other company combined. Anderon is how they monetize everyone else building the next 90.
The market hasnโt priced any of this in yet.