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![ehrazahmedd Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::139784127.png) Ehraz Ahmed [@ehrazahmedd](/creator/twitter/ehrazahmedd) on x 1853 followers
Created: 2025-07-10 12:01:35 UTC

"Ownership of power” isn’t a moat, it’s a utility.

The whole pitch is “we own the dirt and plug in the GPUs.” You know who else can do that? Every miner, utility-backed datacenter and a startup backed by sovereign money.

Everyone wants to be the landlord of AI, but this is a power-play cosplay, not a tech moat.

No IP, no software, no platform: These AI/HPC miners bring zero proprietary software, no orchestration stack, no developer tools. 
Just racks, power bills and some of them even a history of Chapter XX. 

You're buying aluminum sheds with cables, not differentiated AI infrastructure.
And without software margins, this becomes a commodity power business. 

Welcome to the world of regulated pricing, power market volatility and ESG scrutiny.

$CORZ $CIFR $IREN


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**Related Topics**
[gpus](/topic/gpus)
[ip](/topic/ip)
[coins ai](/topic/coins-ai)
[money](/topic/money)
[plug](/topic/plug)
[ahmed](/topic/ahmed)

[Post Link](https://x.com/ehrazahmedd/status/1943279429578559921)