00:00nscale has signed 103.4 billion dollars of contracts 2.6 billion dollars of it is actually
00:08running now the first conversion gap as of august 31st nscale reported a hundred and 3.4 billion
00:17dollars of active and contracted total contract value against only 2.6 billion dollars that was
00:24active meaning tied to capacity already running and producing revenue eight months earlier those
00:31same measures were 38 billion dollars active and contracted against half a billion active the
00:38signbook expanded rapidly while the operating portion remained much smaller then comes the
00:45physical version of the same gap nscale reported 461 000 active and contracted gpus against roughly
00:5425 000 actually online one screen measures contract value the next measures machines both show the
01:03same unfinished conversion most of what has been signed still has to become functioning capacity
01:09before it can support active service watch the full breakdown tap the related video
