The Physical Layer

AI and energy infrastructure, explained plainly.

Companies

DayOne

On the map: Who runs the capacity · The grid connection

Named in 2 pieces. Each entry below is that piece's own description of what the company makes, from its exposure map.

  1. The builders

    Crusoe builds AI campuses; Lancium plans Abilene's power. Nebius, CoreWeave and Lambda rent GPU clusters. DayOne runs Johor campuses.

    Contracted, energised, running: how Abilene, Nebius and Jane Street's AI capacity really arrives · 25 September 2026

  2. Campus operators

    DayOne, YTL Power, AirTrunk, Princeton Digital Group, Equinix, Digital Realty, Keppel Data Centres and STT GDC run data centres.

    Johor and Singapore: the plug, not the chip, decides who gets to build · 27 July 2026

This maps who operates in each layer. It is not a recommendation, and naming a company is not a view on its shares. Personal research, not investment advice.