[zdragnar]

The hyperscalers aren't making sales directly from the data center, so there's not much to tax other than the land value, the electricity they use, and the few employee salaries.

You'd need some sort of data ingress/egress tax.

[vessenes]

Interesting. Just checked some numbers. So Coreweave has like $3bn in operating cashflow last quarter. Your point is that after we are done with all the capex/interest rate deductions/etc and look at a steady state business for a given CoreWeave datacenter, that net income won't be marked locally to a given datacenter.

Is that true though? If a Delaware corp is operating in most states, I believe they must file as a foreign corporation in that state; I'm surprised GAAP would not require them accruing some of this income to the locations that provided the work to do the income.

[oersted]

The idea of having what equates to trade tariffs for data transfers sounds horrifying. But to be fair, we are kinda suffering similar charges already from all major cloud providers, and we seem to be okay with it... Still horrifying, but not entirely unprecedented I suppose.