{
  "docId": "019dd923-5e88-73ef-bd5e-2805f44a3e9d",
  "docSlug": "9391d4ae69e8c315",
  "documentTitle": "2026 04 Investor Presentation",
  "authorId": "Applied-Digital",
  "authorName": "Applied Digital",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.647,
  "pageNumber": 26,
  "pageCount": 46,
  "prevPage": 25,
  "nextPage": 27,
  "slideType": "case_study",
  "function": "illustrate_case",
  "density": "balanced",
  "nDataPoints": 1,
  "notes": "The slide uses a grid of six photographs to demonstrate operational capacity and construction quality.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "photo"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5e-2805f44a3e9d/26",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5e-2805f44a3e9d",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5e-2805f44a3e9d.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5e-2805f44a3e9d#slide-26",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Our advantage comes from access to megawatts of affordable energy and a team capable of rapidly building high-quality data centers.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-5bea-70fa-aef4-85d387d5d646",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.68,
        "w": 0.94,
        "x": 0.03,
        "y": 0.25
      },
      "kind": "image",
      "text": "Grid of 6 photos showing exterior and interior of data center",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "93ee19c3-31a7-4957-a7a6-c6b044fbcf77",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "MW: 100",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-5bea-70fa-aef4-89c7e03b96d7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.92,
        "x": 0.04,
        "y": 0.14
      },
      "kind": "paragraph",
      "text": "Our advantage comes from access to megawatts of affordable energy and a team capable of rapidly building high-quality data centers.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2b9f36dd-0146-482b-a27e-3f1cd9db74a5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.35,
        "x": 0.04,
        "y": 0.06
      },
      "kind": "title",
      "text": "PF1 BUILDING 1 – 100 MW",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "55b28110-a306-4aa3-bf23-f1c1316e12f6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Concrete Language",
      "slug": "concrete-language",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "019dd95a-1c1c-7608-8ed4-5cc4beb76d20",
      "evidence": "100 MW figure named in title",
      "confidence": 65
    },
    {
      "name": "Picture Superiority Effect",
      "slug": "picture-superiority-effect",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-1c1c-7608-8ed4-562256885f66",
      "evidence": "Six-photo grid of Building 1 dominates the slide",
      "confidence": 88
    },
    {
      "name": "Small Multiples",
      "slug": "small-multiples",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-1c1c-7608-8ed4-5b6d0091375b",
      "evidence": "Uniform photo tiles of the same building from different angles",
      "confidence": 80
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 44,
      "from": 24,
      "beatId": "019dd95a-07a7-7579-bd67-b130660d1a00",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "PF1/PF2/DF1 leases, blockchain, $5B Macquarie + $450M convertible",
      "position": 4,
      "confidence": 82,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    },
    {
      "to": 37,
      "from": 25,
      "beatId": "019dd95a-07a7-7579-bd67-cdb9baf55898",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Product",
      "beatSlug": "sequoia-pitch-product",
      "evidence": "PF1, PF2, DF1 buildings + blockchain footprint",
      "position": 6,
      "confidence": 55,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    },
    {
      "to": 35,
      "from": 25,
      "beatId": "019dd95a-07a7-7579-bd67-d0968aca3064",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Business Model",
      "beatSlug": "sequoia-pitch-business-model",
      "evidence": "Long-term hyperscaler leases, $11B/$5B/$7.5B contract values",
      "position": 7,
      "confidence": 55,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 29,
      "from": 25,
      "name": "Zoom In",
      "slug": "06-zoom-in",
      "bestFor": "Technical deep-dives, case studies, detailed analysis",
      "matchId": "019dd95a-08f8-7619-ac2f-e8c84c640e0c",
      "evidence": "Big-picture lease overview (25), zoom into Buildings 1/2/3 (26-28), implication slide ($11B aggregate, 29)",
      "position": 3,
      "objective": "Zoom from PF1 deal headline into each building, then synthesize $11B value",
      "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication",
      "confidence": 78,
      "description": "Start broad, then progressively focus on specific details that prove your point"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}