On the capital dimension: we entered the build with a large liquidity buffer — about $9.3B cash at March 31 2026, up from $3.7B at year-end, from early-2026 financings. That included roughly $2B from NVIDIA (proceeds plus a pre-funded warrant) alongside convertible debt; the supplier-funds-customer circularity is in our filing. For the incremental capacity in our raised guidance, the CFO flags further financing — specifically asset-backed against the Microsoft contract. So the model is debt raised against contracted demand, carried for now on the cash cushion. Still the very early days.
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