in the interconnection queue
powered land + NVIDIA stake
Interconnection queue gates GPU capacity; powered land and an NVIDIA stake clear it
1
AI buildout capex
hyperscalers keep funding
2
interconnection queue
crowded, waits stretch for years
gate
GPU delayed
waits stretch for years
3
shovel-ready land
powered, not just land
4
Cloverleaf builds & sells it
large forward pipeline
interconnection
secured in hand
estimated wait
stretched for years
skipped via powered land
5
NVIDIA stake
early power positions
6
GPU connects
2026-27 eases
eased bottleneck feeds buildout