. >> terra wolf. >> they're an infrastructure focused bitcoin mining company.ts. and the minute that not the minute, paul. but when all this stuff started happening yesterday, you texted me and basically said that we're kind of getting the story wrong. what did we get wrong? what did we miss? what did the financial markets cnbc whatever. what did we. miss about what. >> happened yesterday? >> sure. it's nice to be here. >> terra wolf is an energy infrastructure company, and we build state of the. >> art data. >> centers for. >> quality customers. >> first class credits. first thing we got wrong here was. >> the power markets. >> are. >> already tight, right? >> you have. >> retirements in the mid-atlantic. >> you have. >> industrial growth. in texas. >> you have a grid. >> that's currently burdened. >> you have. >> a new. >> administration which is going to reindustrialize. >> the united states. >> so even. >> without a demand, a massive. >> new demand for power. >> for data centers. power is already tight. >> okay. second, not all power is created equal. >> at

you look at terra wolf. they just signed a deal with core 42, owned by g 42 backed by mdx, which is a part of stargate. so you can say terra wolf is going to be providing compute power for openai. i think the market is missing that. but in this point this time, the rates will probably go higher just because if you want to plug in blackwells today, you don't have many options so you're going to pay north of $130 north of a kilowatt or megawatt hour. that is a very attractive proposition for these miners. >> fascinating. thanks for your time. >> all right, so we've got a lot more to do here on power lunch and after the break, is megacap a trap? yes, the s&p hitting an all-time high. big names, they have been delivering, but investor fears not disappeared. a lot more to talk about what could be a megatrap ahead. ap tr. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next step toward your future, by investing in the s&p 500 with spy. getting there starts here. >> with t