His math is wrong though. He still claims H100s are worthless but in fact they are worth more now than when they were new.
And everything I've read from him is just.. weird? Like he has an anti-AI agenda and he interpreters everything through that?
Look at his latest public piece: https://www.wheresyoured.at/where-are-all-the-data-centers/
He is complaining that there are no 1GW+ data centers, with evidence like this:
> For example, CNBC’s MacKenzie Sigalos reported in October 2025 that Amazon’s Indiana-based (allegedly) 2.2GW Project Rainier data center was “operational,” but only seven out of a planned 30 buildings were actually operational, and her comment of “with two more campuses [of indeterminate capacity] underway.” This comment was buried two videos and 600 words into a piece that declared the data center was “now operational,” with the express intent of making you think the whole thing was operational.
But if you read the report that "buried" comment is far from buried - the whole thing is about how it is still under construction!
Of course 1GW data centers don't all come online at once! You get them online in the parts you can as soon as you can!