Coreweave can default and be liquidated and the data centers will keep running just fine.

I don't think anyone is worried about the data centers but rather that the pretense of demand for them was fabricated to begin with.

Of course, we can always find ways to use compute in non-productive ways—mining crypto, for instance.

Demand is at least partly a function of price.

But imagine all the data, tech and data center companies simultaneously go into receivership. Farfetched, but indulge the fantasy.

At that moment what choice would the government have but to conduct a rescue that at least keeps the lights on, and probably more? What’s the alternative? Extensive data losses, business interruptions— if just a couple of those key companies spontaneously stopped operating, chaos.

If the companies run cash flow positive absent debt service (I assume this is the case), the creditors will be in charge, they can put up more $, or get a loan while they re-structure the company. Either they end up owning it, or they sell it. This can happen to a bunch of companies at the same time.

There would not really be a huge rush if they are cashflow positive, they can take their time.

Private equity: Y'all got some of that excess data center capacity for cheap?

Source, we basically explored this at my previous job, and that was 7 years back.

Curious what your 10 year projection is…