真正有价值的计算，不是数量最大，而是能在现实约束下长期跑得住。

In AI, the hard limit isn’t always GPUs — it’s power.

The next compute market won’t be “who has the most chips,” but “who can deliver stable workloads under real constraints”: electricity price, availability, cooling, and grid limits.

That’s why compute + energy + operations should be treated as one RWA package — not as a single headline number.

#Quantra #QTA #RWA #Compute #Energy $QTA