The “contents” represent the majority of the cost and meaningful functionality of what we call a “datacenter”. Those contents will not last for “real estate” debt timelines.

Right but their payback period is insanely short - a $5M GB200 NVL72 cluster is expected to generate $75M in revenue over 3 years for inference providers. That's a 3 month payback period.

AND - they're operating well past their estimated service lifetime.

Chances they're planning on replacing personal, local compute with time-sharing on data center hardware that's too outmoded for AI...? You know, since they sunk the consumer component market for the next half-decade.