{
  "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": 36,
  "pageCount": 46,
  "prevPage": 35,
  "nextPage": 37,
  "slideType": "section_divider",
  "function": "transition",
  "density": "sparse",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "headline_text"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5e-2805f44a3e9d/36",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5e-2805f44a3e9d",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5e-2805f44a3e9d.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5e-2805f44a3e9d#slide-36",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.15,
        "x": 0.79,
        "y": 0.08
      },
      "kind": "image",
      "text": "Applied Digital",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bb09683a-456f-48c7-bd54-576774f8119d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.6,
        "x": 0.038,
        "y": 0.4
      },
      "kind": "title",
      "text": "03 BLOCKCHAIN",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "37e8335f-4bd7-41ea-aca3-cdee49322d03",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.3,
        "x": 0.038,
        "y": 0.67
      },
      "kind": "title",
      "text": "OPERATIONS OVERVIEW",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fe454a7c-9446-4c3e-a9a0-126f404832ac",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "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"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}