Indeed, that hardware was bought on old RAM, SSD, etc pricing. These are now 5x the price.

To reap massive profits before depreciation is just plain smart. LLM space, model generation is just plain crowded now too. And everyone thinks a crash is coming.

They could also build out their own end-user infra, but letting someone else which already sells direct to the public do so, is sensible.

I know of the desire to show profit for the IPO, but my point is, this is a good move on its own.