Why Compute Is the New Scarce Digital Asset

AI demand is rapidly outpacing the physical infrastructure required to support it, making compute the new scarce digital asset. The development of compute infrastructure, including electricity and data centers, faces significant bottlenecks due to lengthy permitting and construction processes. Consequently, entities that own scarce, energized compute capacity, such as power producers, data centers, and AI cloud providers, are poised to capture the most value in this evolving landscape.