00:04 Julie
Micron is the latest company to benefit from strong AI demand, with data centers accounting for 40% of the company's total revenue in the fourth quarter. This comes after Nvidia and Open Ai signed a $100 billion deal to help fund data center build-outs. Joining me right now is CEO Daniel Roberts. Aylen is a developer, owner and operator of data centers powered by 100% renewable energy. Obviously, you know a lot about what's going on with this buildout, Daniel.
00:36 Julie
Well, let us know a bit about what you're looking at here as we see all this money poured into data center builds.
00:50 Daniel Roberts
Yes, look, Aaron, thank you for welcoming us, Julie. Aaron was founded seven years ago by my brother and I. Our paper was that we are the Fourth Industrial Revolution. We confirm that the digitalization of society, the emergence of all these high-performance computing applications, and that the legacy data center industry, essentially in the Metropolitan region, was not prepared to meet the massive amount of power and capabilities this digitisation theme needed.
1:23 Julie
Well, at the time, generative AI hadn't happened yet seven years ago. Everyone, like many people in this business, do you still have Bitcoin mining? I know that's what you were. We've seen many conversions or additions spread across Gen AI. How did that path work for you?
1:47 Daniel Roberts
So we mined the same data center we built five years ago, um, Bitcoin, and mined today's Nvidia GPU. So we've never gone down an encrypted path. We have built our data center from the first day that we can support these applications. And the whole idea was to bootstrap the platform using Bitcoin. So we sell bitcoin every day, pocket cash, reinvest it, and then stack it up on higher use cases over time as it emerges. We signed MOU with Dell in 2020. That was a little early. Well, then, the AI boom bought some Nvidia chips a few years ago. At this point, we quickly replaced the Bitcoin Mining Asic racks and replaced them with Nvidia GPUs.
2:37 Julie
Have you seen demand easing? Is the speed slowed down? So you can even catch up with the ability to demand what you're trying to do?
2:50 Daniel Roberts
No, it's accelerating. Well, demand ends the supply game. And we are in this lucky position already building an 800 megawatt data center. This is rapidly making up for it with Nvidia GPUs and replacing these Bitcoin Mining ASICS. On the supply side, it is difficult to bring these data centers online. We made 600 megawatts in 18 months, but the time to give power is real. Chokepoints are getting grid-connected power. And the advantage of Grid Connected Power is that we were talking in the air, so the utility is connected to a network where you can guarantee reliable power 24/7, and build uptime guarantees and reliable GPU services.
